Hershey (HSY)

The Hershey Company is headquartered in Hershey, Pa., and is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed. Hershey has approximately 16,000 employees around the world who work every day to deliver delicious, quality products. The company has more than 80 brands around the world that drive $8 billionin annual revenues, including such iconic brand names as Hershey's®, Reese's®, Kit Kat®, Jolly Rancher®, Ice Breakers®, SkinnyPop®, and Pirate's Booty®. For more than 125 years, Hershey has been committed to operating fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on helping children succeed.

Company profile

Ticker

HSY

Exchange

NYSE

Website

www.thehersheycompany.com/

CEO

Michele Buck

Incorporated

Delaware

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Manufacturing > Chocolate and Confectionery Manufacturing from Cacao Beans

Industry (SIC)

Sugar & Confectionery Products

Tootsie Roll Industries • Whole Earth Brands • Sanfilippo • Rocky Mountain Chocolate Factory • Chase General • NightFood • LiveWire Ergogenics • Active Health Foods • Cosan ...

Former names

HERSHEY FOODS CORP

SEC CIK

0000047111

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Hershey Netherlands B.V. • Hershey Canada, Inc. • Hershey Mexico S.A. de C.V. • Hersmex S. de R.L. de C.V. • Servicios de Hersmex S. de R.L. de C.V. • Hershey Chocolate of Virginia LLC • Hershey Chocolate & Confectionery LLC • Hershey International LLC • Reese Candy Corporation • CSH Foods, Inc. ...

IRS number

230691590

HSY stock data

1M 1Y 5Y

News

From Benzinga Pro

U.S. Stocks Edge Lower; NY Empire State Manufacturing Index Drops In August

15 Aug 22

U.S. stocks traded slightly lower this morning, with the Dow Jones dropping around 40 points on Monday.

Hershey's Return On Capital Employed Insights

2 Aug 22

Pulled from Benzinga Pro data, Hershey (NYSE:HSY) posted Q2 earnings of $315.56 million, an increase from Q1 of 40.85%. Sales dropped to $2.37 billion, a 10.99% decrease between quarters.

$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today

1 Aug 22

Hershey (NYSE:HSY) has outperformed the market over the past 20 years by 1.69% on an annualized basis producing an average annual return of 9.54%. Currently, Hershey has a market capitalization of $46.97 billion.

Hershey Sweetens FY22 Forecast On Q2 Earnings Beat

28 Jul 22

Hershey: Q2 Earnings Insights

28 Jul 22

Press releases

From Benzinga Pro

The Hershey Company Earns Great Place to Work® Certification™

2 Aug 22

U.S. Business receives employee-driven honor HERSHEY, Pa., Aug. 2, 2022 /PRNewswire/ -- The Hershey Company (NYSE:HSY) is proud that its U.S. business has been Certified™ by Great Place to Work®. The

HERSHEY DECLARES QUARTERLY DIVIDENDS

28 Jul 22

HERSHEY, Pa., July 28, 2022 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.036 on the Common Stock and $0.942 on the Class B Common Stock, an increase

Hershey Reports Second-Quarter 2022 Financial Results; Raises 2022 Net Sales and Earnings Outlook

28 Jul 22

HERSHEY, Pa., July 28, 2022 /PRNewswire/ -- The Hershey Company (NYSE:HSY) today announced net sales and earnings for the second quarter ended July 3, 2022, and raised its full-year financial outlook.

Thinking about trading options or stock in Tesla, Daqo New Energy, Hershey, Humana, or Consolidated Edison?

5 Jul 22

The Hershey Company Donates Hershey Theatre to The M.S. Hershey Foundation

21 Jun 22

Calendar

28 Jul 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart HSY financial data

Quarter (USD)	Jul 22	Apr 22	Dec 21	Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	339.72M	339.72M	339.72M	339.72M	339.72M	339.72M
Cash burn (monthly)	(no burn)	7.21M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	10.49M	n/a	n/a	n/a	n/a
Cash remaining	n/a	329.23M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	45.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Hershey earnings reports.

Recent insider trades

HSY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
8 Aug 22	Reiman Jason	Common Stock	Sell	Dispose S	No	Yes	227.37	150	34.11K	16,017
28 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	224.0125	400	89.61K	0
28 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	223.3252	56,525	12.62M	400
28 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	222.4369	52,311	11.64M	56,925
28 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	221.4511	57,859	12.81M	109,236
13 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	221.2396	23,813	5.27M	167,095
12 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	222.1801	20,356	4.52M	190,908
12 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	221.356	68,390	15.14M	211,264
11 Jul 22	Steven E Voskuil	Common Stock	Payment of exercise	Dispose F	No	No	220.5	481	106.06K	27,925
11 Jul 22	Hershey Trust Co Trustee In Trust For Milton Hershey School	Common Stock, $1.00 par value	Sell	Dispose S	No	Yes	222.112	1,000	222.11K	279,654

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

HSY institutional ownership history Ownership history

74.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1157	1112	+4.0%
Opened positions	150	173	-13.3%
Closed positions	105	77	+36.4%
Increased positions	379	354	+7.1%
Reduced positions	346	324	+6.8%

13F shares	Current	Prev Q	Change
Total value	23.36B	20.95B	+11.5%
Total shares	108.91M	108.39M	+0.5%
Total puts	462.81K	668.62K	-30.8%
Total calls	608.1K	788.11K	-22.8%
Total put/call ratio	0.8	0.8	-10.3%

Largest owners	Shares	Value	Change
Vanguard	14.06M	$3.05B	+1.6%
BLK Blackrock	13.43M	$2.91B	+0.9%
STT State Street	7.32M	$1.59B	+0.1%
Renaissance Technologies	3.06M	$662.95M	-3.9%
Geode Capital Management	2.91M	$629.11M	-2.8%
AMP Ameriprise Financial	2.58M	$557.83M	+33.1%
BAC Bank Of America	2.24M	$485.58M	+40.3%
NTRS Northern Trust	2.07M	$447.46M	-1.3%
JHG Janus Henderson	1.9M	$412.39M	-2.0%
Victory Capital Management	1.9M	$412.47M	-21.3%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-1.2M	EXIT
Wellington Management	1.09M	+1.06M	+2693.0%
Aaron Wealth Advisors	1.03M	+1.03M	+21654.4%
Champlain Investment Partners	0	-881.49K	EXIT
BAC Bank Of America	2.24M	+644.19K	+40.3%
AMP Ameriprise Financial	2.58M	+641.01K	+33.1%
American Century Companies	1.48M	+584.62K	+65.5%
TROW T. Rowe Price	968.59K	+568.02K	+141.8%
Victory Capital Management	1.9M	-513.66K	-21.3%
Vontobel Asset Management	0	-485.28K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Our business and financial results may be negatively impacted by the failure to successfully manage a disruption in consumer and trade patterns, as well as operational challenges associated with the actual or perceived effects of a disease outbreak, including epidemics, pandemics or similar widespread public health concerns, such as the current coronavirus disease 2019 (“COVID-19”) global pandemic.
Our Company’s reputation or brand image might be impacted as a result of issues or concerns relating to the quality and safety of our products, ingredients or packaging, human and workplace rights, and other environmental, social or governance matters, which in turn could result in litigation or otherwise negatively impact our operating results.
Disruption to our manufacturing operations or supply chain could impair our ability to produce or deliver finished products, resulting in a negative impact on our operating results.
We might not be able to hire, engage and retain the talented global human capital we need to drive our growth strategies.
Risks associated with climate change and other environmental impacts, and increased focus and evolving views of our customers, stockholders and other stakeholders on climate change issues, could negatively affect our business and operations.
Increases in raw material and energy costs along with the availability of adequate supplies of raw materials could affect future financial results.
Price increases may not be sufficient to offset cost increases and maintain profitability or may result in sales volume declines associated with pricing elasticity.
Market demand for new and existing products could decline.
Increased marketplace competition could hurt our business.
Our financial results may be adversely impacted by the failure to successfully execute or integrate acquisitions, divestitures and joint ventures.
Changes in governmental laws and regulations could increase our costs and liabilities or impact demand for our products.
Political, economic and/or financial market conditions could negatively impact our financial results.
Disruptions, failures or security breaches of our information technology infrastructure could have a negative impact on our operations.
Complications with the design or implementation of our new enterprise resource planning system could adversely impact our business and operations.

Management Discussion

Net sales increased 10.1% in 2021 compared with 2020, reflecting a volume increase of 5.6% due to an increase in everyday core U.S. confection brands and salty snack brands, a favorable price realization of 3.1% due to higher prices on certain products, a 1.0% benefit from net acquisitions and divestitures driven by the 2021 acquisitions of Lily’s, Dot's and Pretzels and a favorable impact from foreign currency exchange rates of 0.4%.
Net sales increased 2.0% in 2020 compared with 2019, reflecting a favorable price realization of 2.3% due to higher prices on certain products and a 0.5% benefit from net acquisitions and divestitures (predominantly driven by the 2019 acquisition of ONE Brands, partially offset by the 2020 divestitures of Krave and the Scharffen Berger and Dagoba brands). These increases were partially offset by an unfavorable impact from foreign currency exchange rates of 0.5% and a volume decrease of 0.3% due to the impact of COVID-19 on sales in our international markets, as well as declines in owned retail and world travel retail and elasticity-driven impacts due to price increases on certain products.
Key U.S. Marketplace Metrics

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: agreed, al, alleged, appeal, arm, average, bona, buyer, case, Catherine, challenging, child, Columbia, complaint, concurrently, constrained, Coubaly, Court, defending, dismissal, dismissed, distributor, District, donate, donation, Feb, fide, foregoing, Foundation, independent, injunctive, Issouf, located, media, merit, moderate, motion, Nestl, party, personal, prejudice, property, proposed, Reauthorization, seeking, straight, suit, trafficking, unspecified, vigorously

Removed: group, insurance, season

From filing 10-Q 2022 Q2

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