HersheyHSY
Market Cap: $40.4B
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 Q2 SEC filings by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 541 | Existing positions reduced: 421
13% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 9 (+1) [Q2]
9% more first-time investments, than exits
New positions opened: 152 | Existing positions closed: 140
1% more funds holding
Funds holding: 1,331 [Q1] → 1,343 (+12) [Q2]
0.55% more ownership
Funds ownership: 78.81% [Q1] → 79.37% (+0.55%) [Q2]
4% less capital invested
Capital invested by funds: $22.8B [Q1] → $21.8B (-$985M) [Q2]
16% less call options, than puts
Call options by funds: $505M | Put options by funds: $599M
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Citigroup Thomas Palmer 31% 1-year accuracy 8 / 26 met price target | 9%downside $182 | Sell Downgraded | 27 Aug 2024 |
Goldman Sachs Leah Jordan 75% 1-year accuracy 3 / 4 met price target | 7%downside $185 | Sell Initiated | 12 Aug 2024 |
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 3%upside $205 | Sector Perform Maintained | 2 Aug 2024 |
JP Morgan Ken Goldman 89% 1-year accuracy 8 / 9 met price target | 6%downside $188 | Neutral Maintained | 2 Aug 2024 |
Deutsche Bank Steve Powers 93% 1-year accuracy 13 / 14 met price target | 4%downside $191 | Hold Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 21 articles about HSY published over the past 30 days