HersheyHSY
About: Hershey is a leading us confectionery manufacturer (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: 20,030
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
113% more call options, than puts
Call options by funds: $1.3B | Put options by funds: $610M
3.96% less ownership
Funds ownership: 85.51% [Q3] → 81.55% (-3.96%) [Q4]
8% less funds holding
Funds holding: 1,371 [Q3] → 1,263 (-108) [Q4]
12% less capital invested
Capital invested by funds: $24.3B [Q3] → $21.3B (-$3B) [Q4]
18% less repeat investments, than reductions
Existing positions increased: 414 | Existing positions reduced: 505
23% less first-time investments, than exits
New positions opened: 159 | Existing positions closed: 207
33% less funds holding in top 10
Funds holding in top 10: 9 [Q3] → 6 (-3) [Q4]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Barclays Andrew Lazar 35% 1-year accuracy 7 / 20 met price target | 7%downside $160 | Equal-Weight Maintained | 10 Feb 2025 |
DA Davidson Brian Holland 56% 1-year accuracy 9 / 16 met price target | 14%downside $149 | Neutral Maintained | 10 Feb 2025 |
Stifel Matthew Smith 57% 1-year accuracy 17 / 30 met price target | 7%downside $160 | Hold Maintained | 7 Feb 2025 |
Citigroup Thomas Palmer 30% 1-year accuracy 10 / 33 met price target | 11%downside $154 | Neutral Upgraded | 7 Feb 2025 |
RBC Capital Nik Modi 43% 1-year accuracy 17 / 40 met price target | 3%upside $178 | Sector Perform Reiterated | 3 Feb 2025 |
Financial journalist opinion
Based on 46 articles about HSY published over the past 30 days
