The Hershey Company has been a topic of numerous discussions lately. A CEO succession plan has been announced, while International Assets Investment Management sold over 570k shares and LVM Capital Management reduced its position. Notably, institutional investors dominate HSY’s shareholder structure, owning 86% to 89% of the company. However, Hershey’s stock underwent volatility, with one report indicating that investors are sitting on an 8.4% loss if invested three years ago. Amidst this market turmoil, the company announced a Q4 2024 earnings call and released 2023 ESG report. Rumour mills churned about a speculated takeover by Mondelez, while Hershey's focus shifted to dealing with rising cocoa prices. In the middle, HSY bolstered its portfolio by acquiring Sour Strips. However, disappointing Q3 earnings and a reduced sales outlook have created caution among investors. The company-wide changes have included personnel updates, notably the exit of US Confection President Michael Del Pozzo, with Michele Buck assuming interim control. Hershey is also exploring new product lines, turning candy into energy drinks and protein powders. On a philanthropic note, the company opened new schools in Côte d'Ivoire. The company’s long-term picture still appears strong, with some advising buying Hershey stock.
The Hershey Company HSY News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Sat, 11 Jan 2025 08:45:12 GMT -
Rating -2
- Innovation 2
- Information 5
- Rumor -1
