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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
CEO
Michele Buck
Employees
Incorporated
Location
Fiscal year end
Former names
HERSHEY FOODS CORP
SEC CIK
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

Calendar

28 Jul 22
16 Aug 22
31 Dec 22
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

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
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

Financial report summary

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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

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H.S. sophomore Avg
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Removed: group, insurance, season