Hershey (HSY)

• Market cap: $38.5B
• 1 day: -0.61%
• 5 days: 2.87%
• 1 month: 6.46%
• 3 months: 11.91%
• 6 months: 12.11%
• Year to date: 12.52%
• 1 year: -3.9%
• 5 years: 36.72%
• 10 years: 105.42%
• Sector: Consumer Staples
• Industry: Confectioners

About: Hershey is a leading US confectionery manufacturer (around a $54 billion market, according to Euromonitor), controlling around 36% of the domestic chocolate space. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 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 confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands and Dot's Pretzels over the past few years.

Employees: 20,030

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

17% more repeat investments, than reductions

Existing positions increased: 511 | Existing positions reduced: 436

14% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]

4.56% more ownership

Funds ownership: 81.96% [Q1] → 86.52% (+4.56%) [Q2]

3% more capital invested

Capital invested by funds: $20.7B [Q1] → $21.3B (+$519M) [Q2]

3% less funds holding

Funds holding: 1,328 [Q1] → 1,292 (-36) [Q2]

14% less first-time investments, than exits

New positions opened: 114 | Existing positions closed: 132

18% less call options, than puts

Call options by funds: $337M | Put options by funds: $410M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $154
• Avg. target: $183
• High target: $222

9 analyst ratings

• positive: 1 11%
• neutral: 6 67%
• negative: 2 22%

Goldman Sachs Leah Jordan	$222	Buy Upgraded	16 Sep 2025
Piper Sandler Michael Lavery	$167	Underweight Maintained	9 Sep 2025
JP Morgan Thomas Palmer	$187	Neutral Assumed	20 Aug 2025
DA Davidson Brian Holland	$188	Neutral Maintained	4 Aug 2025
Barclays Andrew Lazar	$190	Equal-Weight Maintained	1 Aug 2025