HersheyHSY
Market Cap: 39.1B
About: Hershey is a leading confectionery manufacturer in the us (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
Employees: 20,505
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
24% more repeat investments, than reductions
Existing positions increased: 511 | Existing positions reduced: 411
3% more capital invested
Capital invested by funds: $21.6B [Q4 2023] → $22.3B (+$679M) [Q1 2024]
0% less funds holding
Funds holding: 1,315 [Q4 2023] → 1,313 (-2) [Q1 2024]
0.27% less ownership
Funds ownership: 77.41% [Q4 2023] → 77.14% (-0.27%) [Q1 2024]
1% less first-time investments, than exits
New positions opened: 151 | Existing positions closed: 153
5% less call options, than puts
Call options by funds: $595M | Put options by funds: $627M
33% less funds holding in top 10
Funds holding in top 10: 12 [Q4 2023] → 8 (-4) [Q1 2024]
Research analyst outlook
21 Wall Street Analysts provided 1 year price forecasts over the past 6 months
21 analyst ratings
Deutsche Bank Steve Powers | 1%downside $192 | Hold Maintained | 23 Jul 2024 |
Citigroup Thomas Palmer | 3%downside $188 | Neutral Maintained | 17 Jul 2024 |
Bernstein Alexia Howard | 19%upside $230 | Outperform Maintained | 17 Jul 2024 |
B of A Securities Bryan Spillane | 3%upside $200 | Neutral Maintained | 10 Jul 2024 |
Piper Sandler Michael Lavery | 8%downside $179 | Neutral Maintained | 21 Jun 2024 |
Financial journalist opinion
Based on 20 articles about HSY published over the past 30 days