The Hershey Company (HSY) has been in the spotlight recently. The chocolate giant's strong investor interest is evidence by multiple strategic movements in its shareholding. Several entities including
Bessemer Group Inc,
Colonial Trust Advisors and
Wedbush Securities Inc have reduced their stakes, while others like
Norges Bank,
Azimuth Capital Investment Management LLC and
Franklin Resources Inc increased their positions.
Legal & General Group Plc and
Geode Capital Management LLC hold significant stakes in Hershey. The company also battled headwinds due to inflated cocoa/sugar prices and intensified tariff wars. Barclays affirmed its 'Hold' rating for the company. Furthermore,
Tiffany Menyhart has been named Chief Customer Officer and
Stacy Taffet is now the Chief Growth Officer. The company has expanded its portfolio by introducing Reese's Filled Pretzels, planning for CEO succession, and acquiring organic snack brand LesserEvil. A film showcasing the rags-to-riches story of Hershey's founder is also on the cards. However, financial volatility like a gain in dividends but poor financial reports present a mixed outlook for the company, which is largely controlled by institutional shareholders.
The Hershey Company HSY News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 12 Apr 2025 13:30:00 GMT -
Rating 6
- Innovation 2
- Information 6
- Rumor -4
