HSY stock icon

Hershey
HSY

$185.92
0.37%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 19 analysts
0
News positive %
of 20 articles

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

19 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$179
4%
downside
Avg. target
$204
10%
upside
High target
$235
26%
upside

19 analyst ratings

positive
11%
16 neutral
84%
negative
5%
Piper Sandler
Michael Lavery
4%downside
$179
Neutral
Maintained
21 Jun 2024
Wells Fargo
Chris Carey
5%upside
$195
Equal-Weight
Maintained
21 Jun 2024
Barclays
Andrew Lazar
10%upside
$204
Equal-Weight
Maintained
18 Jun 2024
Argus Research
Taylor Conrad
21%upside
$225
Buy
Maintained
30 May 2024
Wells Fargo
Chris Carey
10%upside
$205
Equal-Weight
Maintained
6 May 2024

Financial journalist opinion

Based on 20 articles about HSY published over the past 30 days