In the series of impactful events related to
The Hershey Company, there has been substantial activity from both retail and institutional investors. The company saw multiple shareholders including
Anchor Capital Advisors,
National Pension Service, and
Illinois Municipal Retirement Fund among others reduce their holdings. In contrast, many others like
IFP Advisors and
CORDA Investment Management have increased their stakes. The company completed a substantial $2B
public offering and showed impressive stats with their fourth-quarter earnings growth. Despite several analysts' optimistic outlook, some voices, including
Jim Cramer, suggested caution unless lower rates are offered. The company raised its
dividend to $1.37 and impressive
42% ROE caught attention. Significant future maneuvers include a CEO
succession plan and their recent acquisition of Sour Strips, along with the launch of new seasonal candies. Interestingly, reports suggest potential acquisition interest from Mondelez which drove the stock higher. The company faced an unexpected change in leadership in addition to laying off some workers. Despite the roller coaster, the stock remains a potential favorite for investors due to its consistent growth.
The Hershey Company HSY News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 11:33:53 GMT -
Rating 7
- Innovation 2
- Information 6
- Rumor -2
