The Hershey Company (HSY) has seen its share chased by short sellers on account of being among the cheap dividend stocks yet, big names like Northern Trust Corp along with Freestone Grove Partners, Cypress Advisory Group and others are boosting their stake. Amidst takeover rumors, Hershey's Q1 earnings topped estimates but sales were under pressure. Key appointments to the company's executive team were made and despite a net income drop, dividends were declared. A major amount of the company's shares are held by institutional shareholders. Financial results from Q1 2025 show innovation and international growth being focuses during trying times. At the same time, analyst reports suggest possible overvaluation where some investors elect to sell shares. Nevertheless, the Hershey Company remains a preferred stock among billionaires and hedge funds. Hershey's slide in stock may be attributed to tariffs impacting earnings outlook. However, the company has consistently managed to surpass revenue expectations. Gearing up to commit to a new strategy, the Hershey Co has announced the acquisition of LesserEvil to tap into the organic snacks market.
The Hershey Company HSY News Analytics from Fri, 08 Nov 2024 08:00:00 GMT to Sat, 03 May 2025 12:55:50 GMT -
Rating 5
- Innovation 0
- Information 6
- Rumor 2
