HSY The Hershey Co.
The Hershey Co. engages in the manufacture and market of chocolate and sugar confectionery products. It operates through the North America; and International and Other geographical segments. The North America segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada. The International and Other segment is the combination of all other operating segments which are not individually material, including those geographic regions where the company operates outside of North America. Its brands includes Hershey's, Reese's, and Kisses. The company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, PA.
Company profile
Ticker
HSY
Exchange
Website
CEO
Michele G. Buck
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Hershey Foods Corp
SEC CIK
Corporate docs
IRS number
230691590
Calendar
23 Apr 20
1 Jun 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 2.04B | 2.07B | 2.13B | 1.77B | |
| Net income | 271.14M | 207.19M | 325.31M | 312.84M | |
| Net profit margin | 13.31% | 10.02% | 15.24% | 17.70% | |
| Operating income | 382.8M | 286.2M | 460.82M | 410.07M | |
| Net change in cash | 601.53M | 190.63M | -63.33M | -100M | |
| Cash on hand | 1.09B | 493.26M | 302.64M | 365.96M | |
| Cost of revenue | 1.17B | 1.16B | 1.19B | 892.47M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 7.99B | 7.79B | 7.52B | 7.44B | |
| Net income | 1.15B | 1.18B | 782.98M | 720.04M | |
| Net profit margin | 14.40% | 15.11% | 10.42% | 9.68% | |
| Operating income | 1.6B | 1.62B | 1.31B | 1.26B | |
| Net change in cash | -94.74M | 207.82M | 83.21M | -49.56M | |
| Cash on hand | 493.26M | 588M | 380.18M | 296.97M | |
| Cost of revenue | 4.36B | 4.22B | 4.06B | 4.27B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 13 Apr 20 | Michele Buck | Common Stock | Sell | Dispose S | 143.2 | 1,500 | 214.8K | 170,121 |
| 7 Apr 20 | Arway Pamela M | Common Stock | Sell | Dispose S | 142.37 | 347 | 49.4K | 15,944.853 |
| 1 Apr 20 | Brown James W | Common Stock | Grant | Aquire A | 0 | 299.155 | 0 | 4,417.829 |
| 1 Apr 20 | Arway Pamela M | Common Stock | Grant | Aquire A | 0 | 299.155 | 0 | 16,291.853 |
Institutional ownership Q1 2020
73.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 890 |
| Opened positions | 83 |
| Closed positions | 132 |
| Increased positions | 267 |
| Reduced positions | 348 |
13F shares |
Current |
|---|---|
| Total value | 225.86B |
| Total shares | 108.89M |
| Total puts | 1.4M |
| Total calls | 1.15M |
| Total put/call ratio | 1.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 15.78M | $2.09B |
| Vanguard | 12.82M | $1.7B |
| STT State Street | 7.8M | $1.03B |
| Renaissance Technologies | 5.26M | $696.31M |
| Geode Capital Management | 2.9M | $383.67M |
| JHG Janus Henderson | 2.2M | $291.17M |
| NTRS Northern Trust | 2.07M | $274.71M |
| IVZ Invesco | 1.76M | $232.55M |
| BK Bank Of New York Mellon | 1.69M | $224.02M |
| APG Asset Management | 1.68M | $222.73M |
Financial report summary
?Risks
- 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 negatively impact our operating results.
- 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.
- 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.
- 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.
- Our international operations may not achieve projected growth objectives, which could adversely impact our overall business and results of operations.
- Disruptions, failures or security breaches of our information technology infrastructure could have a negative impact on our operations.
- We might not be able to hire, engage and retain the talented global workforce we need to drive our growth strategies.
- We may not fully realize the expected costs savings and/or operating efficiencies associated with our strategic initiatives or restructuring programs, which may have an adverse impact on our business.
- Complications with the design or implementation of our new enterprise resource planning system could adversely impact our business and operations.
Content analysis
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H.S. sophomore Avg
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New words:
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Removed:
accelerated, agreed, Amplify, anchor, applying, approach, ASC, Austin, base, Booty, caption, capture, carefully, carryforward, case, combine, commence, commenced, consolidation, consultant, creating, criteria, deal, derecognized, divestiture, enacted, encompassed, expand, fat, February, Finally, force, funded, gluten, harm, historical, improvement, integration, January, legislation, making, mandatory, Nonemployee, Oatmega, October, optimization, optimize, optimized, owed, Paqui, partly, pay, Pirate, policy, popular, practical, provisional, recall, reclassification, recognize, recording, Regional, rent, repaid, retained, revaluation, settle, SGM, SkinnyPop, Smart, solid, specifically, streamline, sustainable, territorial, transaction, transition, variance, wide
Financial reports
10-Q
2020 Q1
Quarterly report
23 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
26 Oct 18
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
26 Apr 18
10-K
2017 FY
Annual report
27 Feb 18
Current reports
8-K
The Hershey Company Announces Pricing of
28 May 20
8-K
The Hershey Company Announces Offering of Notes
27 May 20
8-K
Submission of Matters to a Vote of Security Holders
13 May 20
8-K
Items of Business Election of 13 Directors
12 May 20
8-K
Hershey Reports First-Quarter 2020 Financial Results
23 Apr 20
8-K
Other Events
25 Mar 20
8-K
Results of Operations and Financial Condition
30 Jan 20
8-K
Michele Buck Announces Changes to Hershey Executive Team
18 Dec 19
8-K
Departure of Directors or Certain Officers
7 Nov 19
8-K
Entry into a Material Definitive Agreement
31 Oct 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
28 May 20
FWP
Free writing prospectus
27 May 20
424B3
Prospectus supplement
27 May 20
424B5
Prospectus supplement for primary offering
29 Oct 19
FWP
Free writing prospectus
28 Oct 19
424B3
Prospectus supplement
28 Oct 19
S-3ASR
Automatic shelf registration
31 May 18
424B5
Prospectus supplement for primary offering
4 May 18
FWP
Free writing prospectus
3 May 18
424B3
Prospectus supplement
3 May 18
Proxies
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEF 14A
Definitive proxy
2 Apr 20
DEFA14A
Additional proxy soliciting materials
11 Apr 19
DEF 14A
Definitive proxy
11 Apr 19
DEFA14A
Additional proxy soliciting materials
20 Apr 18
DEF 14A
Definitive proxy
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
DEF 14A
Definitive proxy
23 Mar 17
DEFA14A
Additional proxy soliciting materials
23 Mar 17
DEF 14A
Definitive proxy
24 Mar 16
Other
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
22 May 19
SD
Conflict minerals disclosure
23 May 18
CORRESP
Correspondence with SEC
19 Jan 18
SD
Conflict minerals disclosure
26 May 17
UPLOAD
Letter from SEC
13 Jun 16
SD
Conflict minerals disclosure
31 May 16
CORRESP
Correspondence with SEC
26 May 16
UPLOAD
Letter from SEC
17 May 16
CORRESP
Correspondence with SEC
4 May 16
Ownership
3
HERSHEY / VICTOR L. CRAWFORD ownership change
15 May 20
4
HERSHEY / Michele Buck ownership change
14 Apr 20
4
HERSHEY / Pamela M Arway ownership change
8 Apr 20
4
HERSHEY / DAVID L SHEDLARZ ownership change
2 Apr 20
4
HERSHEY / Wendy Lee Schoppert ownership change
2 Apr 20
4
HERSHEY / Juan R. Perez ownership change
2 Apr 20
4
HERSHEY / ANTHONY J. PALMER ownership change
2 Apr 20
4
HERSHEY / Robert Malcolm ownership change
2 Apr 20
4
HERSHEY / Mary Diane Koken ownership change
2 Apr 20
4
HERSHEY / James C Katzman ownership change
2 Apr 20