HERSHEY CO HSY
COM · Common Stock · CUSIP 427866108 · ISIN US4278661081
American corporation
- SectorConsumer staples
- IndustrySugar & Confectionery Products
- HeadquartersHershey, PA
- Founded1894
- Websitethehersheycompany.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($91.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $249.68. Options: 30 managers hold calls ($284.4m notional), 30 hold puts ($287.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,228 |
| Q4 2022 | 1,293 |
| Q1 2023 | 1,337 |
| Q2 2023 | 1,357 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 567 | 446 |
| Q1 2023 | 564 | 520 |
| Q2 2023 | 573 | 542 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $275.3m | $199.5m | 0.72 |
| Q4 2022 | $281.6m | $209.5m | 0.74 |
| Q1 2023 | $327.2m | $298.2m | 0.91 |
| Q2 2023 | $284.4m | $287.2m | 1.01 |
Biggest buyers
| HERSHEY TRUST CO | New | +2.1m |
| Amundi | Added | +616.1k |
| Qube Research & Technologies Ltd | Added | +469.5k |
| BlackRock Inc. | Added | +465.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +397.4k |
| JPMORGAN CHASE & CO | Added | +331.8k |
| Balyasny Asset Management L.P. | Added | +306.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +292.8k |
| BARCLAYS PLC | Added | +222.2k |
| Invesco Ltd. | Added | +216.3k |
Biggest sellers
| FMR LLC | Reduced | -1.3m |
| GQG Partners LLC | Reduced | -842.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -641.1k |
| AMERIPRISE FINANCIAL INC | Reduced | -417.3k |
| LORD, ABBETT & CO. LLC | Sold out | -382.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -330.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -309.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -300.2k |
| HSBC HOLDINGS PLC | Reduced | -190.1k |
| AXIOM INVESTORS LLC /DE | Reduced | -175.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $83.5m334.6k shares |
| CITADEL ADVISORS LLC | Reduced | $32.7m131.1k shares |
| GROUP ONE TRADING LLC | Added | $27.0m108.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $26.5m106.7k shares |
| JANE STREET GROUP, LLC | Reduced | $18.1m72.3k shares |
| D. E. Shaw & Co., Inc. | New | $12.1m48.5k shares |
| Parallax Volatility Advisers, L.P. | Added | $10.7m42.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $10.2m41.0k shares |
| SIMPLEX TRADING, LLC | Added | $9.9m39.5k shares |
| Delta Accumulation, LLC | Added | $8.4m33.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $86.7m347.2k shares |
| CITADEL ADVISORS LLC | Reduced | $30.6m122.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $19.8m79.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $19.6m78.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.0m76.2k shares |
| Walleye Trading LLC | Added | $14.9m59.8k shares |
| WOLVERINE TRADING, LLC | Added | $12.9m51.7k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $10.7m43.0k shares |
| GROUP ONE TRADING LLC | Added | $9.4m37.7k shares |
| Delta Accumulation, LLC | Added | $9.3m37.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: Capital International Investors (0.0%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 4 | $3.2m | — |
| Q1 2022 | 0 | — | 8 | $6.2m | — |
| Q2 2022 | 0 | — | 5 | $3.8m | — |
| Q3 2022 | 0 | — | 4 | $4.9m | — |
| Q4 2022 | 0 | — | 8 | $12.2m | — |
| Q1 2023 | 0 | — | 7 | $13.7m | — |
| Q2 2023 | 0 | — | 5 | $12.2m | $12.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-27 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $2.7m10.3k shares |
| 2023-06-23 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $1.8m6.9k shares |
| 2023-06-22 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $8.1m31.0k shares |
| 2023-06-20 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $6.3m24.1k shares |
| 2023-06-16 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $30.7m117.2k shares |
| 2023-06-15 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $21.5m82.6k shares |
| 2023-06-14 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $17.5m67.1k shares |
| 2023-06-14 | Buck Michele Chairman, President and CEO, director | Sold plan | $3.7m14.3k shares |
| 2023-06-12 | Reiman Jason SVP Chief Supply Chain Officer | Sold plan | $38.4k150 shares |
| 2023-06-06 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $198.3k762 shares |
| 2023-06-05 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $4.0m15.5k shares |
| 2023-06-02 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $13.1m50.4k shares |
| 2023-06-01 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 10% owner | Sold plan | $7.3m28.1k shares |
| 2023-05-15 | Buck Michele Chairman, President and CEO, director | Sold plan | $3.9m14.3k shares |
| 2023-05-10 | Reiman Jason SVP Chief Supply Chain Officer | Sold plan | $41.0k150 shares |
| 2023-04-21 | Grover Rohit President, International | Sold plan | $766.7k2.9k shares |
| 2023-04-17 | McCalman Jennifer VP, Chief Accounting Officer | Sold plan | $24.7k96 shares |
| 2023-04-14 | Buck Michele Chairman, President and CEO, director | Sold plan | $3.7m14.3k shares |
| 2023-04-10 | Arway Pamela M Director | Sold plan | $48.7k188 shares |
| 2023-04-10 | Reiman Jason SVP Chief Supply Chain Officer | Sold plan | $38.9k150 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.10% of their portfolio | 15.2m $3.8bn | Added +465.4k |
| VANGUARD GROUP INC 0.09% of their portfolio | 14.7m $3.7bn | Reduced -21.5k |
| STATE STREET CORP 0.09% of their portfolio | 7.1m $1.8bn | Added +111.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 3.2m $792.6m | Reduced -309.4k |
| MORGAN STANLEY 0.07% of their portfolio | 2.8m $703.2m | Added +119.0k |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 2.6m $641.8m | Added +331.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.83% of their portfolio | 2.3m $573.3m | Reduced -7.6k |
| HERSHEY TRUST CO 3.64% of their portfolio | 2.1m $515.9m | New |
| Amundi 0.25% of their portfolio | 2.0m $494.0m | Added +616.1k |
| Invesco Ltd. 0.12% of their portfolio | 1.8m $442.9m | Added +216.3k |
| NORGES BANK 0.09% of their portfolio | 1.7m $436.4m | Added +58.2k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 1.7m $435.5m | Reduced -14.1k |
| JANUS HENDERSON GROUP PLC 0.23% of their portfolio | 1.5m $362.8m | Reduced -3.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 1.4m $351.5m | Reduced -330.9k |
| AMERICAN CENTURY COMPANIES INC 0.25% of their portfolio | 1.3m $335.9m | Reduced -131.7k |
| Legal & General Group Plc 0.11% of their portfolio | 1.3m $334.0m | Added +15.5k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 1.3m $320.2m | Reduced -641.1k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.3m $314.5m | Added +7.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 1.2m $303.7m | Reduced -82.2k |
| FMR LLC 0.02% of their portfolio | 1.2m $290.3m | Reduced -1.3m |
| NORDEA INVESTMENT MANAGEMENT AB 0.34% of their portfolio | 1.0m $251.4m | Reduced -8.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 985.1k $250.6m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 976.1k $243.2m | Reduced -417.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.95% of their portfolio | 923.9k $230.7m | Reduced -14.8k |
| California Public Employees Retirement System 0.20% of their portfolio | 915.9k $228.7m | Reduced -24.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.85% of their portfolio | 846.4k $211.4m | Added +397.4k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 771.3k $192.6m | Reduced -32.1k |
| PUTNAM INVESTMENTS LLC 0.28% of their portfolio | 760.8k $190.0m | Reduced -101.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 738.8k $184.5m | Reduced -24.2k |
| Qube Research & Technologies Ltd 0.68% of their portfolio | 703.7k $175.7m | Added +469.5k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 675.9k $168.8m | Reduced -70.7k |
| GQG Partners LLC 0.38% of their portfolio | 659.6k $164.7m | Reduced -842.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 653.0k $163.0m | Added +2.3k |
| STIFEL FINANCIAL CORP 0.22% of their portfolio | 631.0k $157.6m | Added +1.7k |
| FIRST TRUST ADVISORS LP 0.18% of their portfolio | 627.8k $156.8m | Reduced -14.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.19% of their portfolio | 620.9k $155.0m | Added +292.8k |
| Robeco Institutional Asset Management B.V. 0.40% of their portfolio | 607.4k $151.7m | Added +2.4k |
| AXIOM INVESTORS LLC /DE 2.23% of their portfolio | 601.1k $150.1m | Reduced -175.4k |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 552.1k $137.9m | Reduced -166.6k |
| BARCLAYS PLC 0.09% of their portfolio | 537.7k $134.3m | Added +222.2k |
| Swiss National Bank 0.09% of their portfolio | 531.6k $132.7m | Reduced -51.7k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 526.7k $131.5m | Added +3.1k |
| PRUDENTIAL FINANCIAL INC 0.19% of their portfolio | 526.3k $131.4m | Reduced -152 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio | 520.9k $130.1m | Added +47.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.84% of their portfolio | 512.0k $127.8m | Reduced -105.4k |
| UBS Group AG 0.05% of their portfolio | 505.2k $126.2m | Added +46.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 463.7k $115.8m | Reduced -63.4k |
| TWO SIGMA INVESTMENTS, LP 0.31% of their portfolio | 460.1k $114.9m | Reduced -99.8k |
| AQR CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 458.9k $114.0m | Reduced -23.9k |
| PNC Financial Services Group, Inc. 0.10% of their portfolio | 448.4k $112.0m | Reduced -18.7k |
| APG Asset Management N.V. 0.20% of their portfolio | 441.7k $101.1m | Reduced -37.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio | 433.5k $108.3m | Added +165.9k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 416.1k $103.9m | Reduced -94.9k |
| US BANCORP \DE\ 0.16% of their portfolio | 405.4k $101.2m | Reduced -590 |
| TD Asset Management Inc 0.10% of their portfolio | 365.4k $91.2m | Reduced -7.9k |
| TWO SIGMA ADVISERS, LP 0.23% of their portfolio | 360.4k $90.0m | Added +138.1k |
| National Pension Service 0.14% of their portfolio | 358.2k $89.1m | Added +28.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.40% of their portfolio | 348.0k $86.9m | Reduced -17.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 347.1k $86.7m | Added +42.8k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 345.3k $86.2m | Reduced -7.9k |
| Alyeska Investment Group, L.P. 0.65% of their portfolio | 342.4k $85.5m | Added +5.2k |
| CREDIT SUISSE AG/ 0.08% of their portfolio | 335.9k $83.9m | Added +4.6k |
| FEDERATED HERMES, INC. 0.21% of their portfolio | 335.0k $83.7m | Reduced -11.6k |
| TORONTO DOMINION BANK 0.06% of their portfolio | 330.8k $82.5m | Added +201.5k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 327.3k $81.7m | Added +4.3k |
| Balyasny Asset Management L.P. 0.23% of their portfolio | 323.4k $80.8m | Added +306.1k |
| DekaBank Deutsche Girozentrale 0.18% of their portfolio | 322.7k $80.2m | Added +3.7k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 315.7k $78.8m | Reduced -190.1k |
| Caisse de depot et placement du Quebec 0.21% of their portfolio | 309.9k $77.4m | Added +60.6k |
| Korea Investment CORP 0.21% of their portfolio | 305.3k $76.2m | Added +26.0k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 303.8k $79.8m | Added +51.7k |
| REGIONS FINANCIAL CORP 0.65% of their portfolio | 303.5k $75.8m | Reduced -10.2k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 294.3k $73.5m | Added +62.0k |
| Ensign Peak Advisors, Inc 0.15% of their portfolio | 292.7k $73.1m | Added +6.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 290.6k $72.6m | Added +68.4k |
| Railway Pension Investments Ltd 0.71% of their portfolio | 283.7k $70.8m | Added +4.4k |
| Bridgewater Associates, LP 0.43% of their portfolio | 276.0k $68.9m | Reduced -29.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.21% of their portfolio | 273.2k $68.2m | Reduced -1.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 256.2k $64.0m | Added +32.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 252.4k $63.0m | Reduced -41.7k |
| Mawer Investment Management Ltd. 0.32% of their portfolio | 248.5k $62.0m | Reduced -46.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 247.8k $61.9m | Reduced -1.5k |
| CITIGROUP INC 0.08% of their portfolio | 240.2k $60.0m | Added +14.6k |
| CHILTON INVESTMENT CO INC. 1.73% of their portfolio | 237.8k $59.4m | Added +16.7k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 232.0k $57.9m | Reduced -80.5k |
| BESSEMER GROUP INC 0.12% of their portfolio | 222.6k $55.6m | Added +3.2k |
| ANCHOR CAPITAL ADVISORS LLC 1.44% of their portfolio | 222.1k $55.5m | Reduced -20.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 221.8k $55.4m | Added +49.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio | 215.6k $53.8m | Added +40.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 212.7k $53.1m | Reduced -5.3k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 212.3k $53.3m | Added +397 |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 212.2k $53.0m | Reduced -6.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.15% of their portfolio | 207.9k $51.9m | Added +23.2k |
| LPL Financial LLC 0.04% of their portfolio | 197.7k $49.4m | Added +13.7k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.46% of their portfolio | 190.9k $47.7m | Added +10.7k |
| STATE OF MICHIGAN RETIREMENT SYSTEM 0.29% of their portfolio | 188.2k $47.0m | Reduced -900 |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 177.6k $44.4m | Reduced -6.2k |
| KBC Group NV 0.18% of their portfolio | 173.2k $43.2m | Added +12.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 164.8k $41.2m | Reduced -460 |
| Moran Wealth Management, LLC 1.54% of their portfolio | 164.0k $41.0m | Reduced -7.8k |