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 ($63.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $183.82. Options: 30 managers hold calls ($514.5m notional), 32 hold puts ($616.3m).
Trends to Q2 2024
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 |
| Q3 2023 | 1,302 |
| Q4 2023 | 1,352 |
| Q1 2024 | 1,363 |
| Q2 2024 | 1,385 |
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 |
| Q3 2023 | 563 | 608 |
| Q4 2023 | 577 | 559 |
| Q1 2024 | 677 | 555 |
| Q2 2024 | 694 | 548 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $404.5m | $479.1m | 1.18 |
| Q4 2023 | $586.0m | $618.1m | 1.05 |
| Q1 2024 | $605.1m | $636.3m | 1.05 |
| Q2 2024 | $514.5m | $616.3m | 1.20 |
Biggest buyers
| VANGUARD GROUP INC | Added | +2.0m |
| ROYAL BANK OF CANADA | Added | +1.8m |
| JPMORGAN CHASE & CO | Added | +1.5m |
| MACQUARIE GROUP LTD | Added | +1.4m |
| Capital International Investors | New | +699.1k |
| Holocene Advisors, LP | New | +650.7k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | Added | +537.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +521.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +446.7k |
| GOLDMAN SACHS GROUP INC | Added | +377.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -4.9m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -1.9m |
| BlackRock Inc. | Reduced | -1.2m |
| TWO SIGMA ADVISERS, LP | Sold out | -1.2m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -849.1k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -480.4k |
| Qube Research & Technologies Ltd | Reduced | -396.3k |
| CITADEL ADVISORS LLC | Reduced | -382.4k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -364.1k |
| BARCLAYS PLC | Reduced | -344.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $134.8m733.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $111.6m607.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $40.3m219.3k shares |
| JANE STREET GROUP, LLC | Added | $35.4m192.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $30.0m163.3k shares |
| IMC-Chicago, LLC | Added | $22.1m120.0k shares |
| JPMORGAN CHASE & CO | Unchanged | $18.4m100.0k shares |
| WOLVERINE TRADING, LLC | Added | $18.2m99.2k shares |
| Cubist Systematic Strategies, LLC | Added | $16.4m89.3k shares |
| Walleye Capital LLC | Reduced | $10.7m58.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $130.4m709.5k shares |
| CITADEL ADVISORS LLC | Added | $85.5m465.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $60.4m328.4k shares |
| Candlestick Capital Management LP | New | $55.1m300.0k shares |
| JANE STREET GROUP, LLC | Added | $39.4m214.1k shares |
| SIMPLEX TRADING, LLC | Added | $36.4m198.2k shares |
| D. E. Shaw & Co., Inc. | Added | $28.1m152.8k shares |
| IMC-Chicago, LLC | Added | $23.1m125.8k shares |
| WOLVERINE TRADING, LLC | Added | $20.6m111.9k shares |
| GTS SECURITIES LLC | Added | $19.4m105.4k 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 2024
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 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 |
| Q3 2023 | 0 | — | 3 | $4.1m | $4.1m |
| Q4 2023 | 0 | — | 3 | $1.3m | $1.3m |
| Q1 2024 | 0 | — | 4 | $2.1m | $1.4m |
| Q2 2024 | 0 | — | 2 | $1.3m | $1.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-24 | Voskuil Steven E SVP, Chief Financial Officer | Sold plan | $274.4k1.5k shares |
| 2024-05-23 | Voskuil Steven E SVP, Chief Financial Officer | Sold plan | $306.8k1.5k shares |
| 2024-05-20 | Raup Charles R President, U.S. Confection | Sold plan | $427.5k2.1k shares |
| 2024-04-23 | Voskuil Steven E SVP, Chief Financial Officer | Sold plan | $278.7k1.5k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 19.4m $3.6bn | Added +2.0m |
| BlackRock Inc. 0.05% of their portfolio | 12.8m $2.4bn | Reduced -1.2m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 7.8m $1.4bn | Added +1.5m |
| STATE STREET CORP 0.05% of their portfolio | 6.6m $1.2bn | Reduced -283.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 4.3m $786.5m | Added +64.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 3.7m $681.8m | Added +521.6k |
| MORGAN STANLEY 0.03% of their portfolio | 2.4m $442.3m | Reduced -4.9m |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 2.3m $419.9m | Added +1.8m |
| HERSHEY TRUST CO 3.65% of their portfolio | 2.1m $379.8m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 2.0m $374.2m | Reduced -49.6k |
| NORGES BANK 0.05% of their portfolio | 1.7m $321.0m | Reduced -16.0k |
| JANUS HENDERSON GROUP PLC 0.15% of their portfolio | 1.5m $282.9m | Added +51.3k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 1.5m $277.9m | Reduced -55.0k |
| MACQUARIE GROUP LTD 0.31% of their portfolio | 1.5m $266.9m | Added +1.4m |
| Invesco Ltd. 0.06% of their portfolio | 1.4m $262.0m | Reduced -20.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.3m $234.0m | Added +315.1k |
| Legal & General Group Plc 0.06% of their portfolio | 1.2m $224.6m | Reduced -46.2k |
| Amundi 0.08% of their portfolio | 1.2m $220.1m | Added +34.8k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.2m $213.9m | Reduced -23.4k |
| TRUIST FINANCIAL CORP 0.31% of their portfolio | 1.1m $206.4m | Reduced -325 |
| STIFEL FINANCIAL CORP 0.19% of their portfolio | 935.2k $171.9m | Added +73.5k |
| FMR LLC 0.01% of their portfolio | 876.4k $161.1m | Reduced -141.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 837.8k $154.0m | Added +377.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 787.4k $144.7m | Added +25.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 783.1k $144.0m | Added +147.2k |
| California Public Employees Retirement System 0.10% of their portfolio | 728.5k $133.9m | Reduced -160.2k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.90% of their portfolio | 717.8k $132.0m | Added +537.4k |
| Capital International Investors 0.03% of their portfolio | 699.1k $128.5m | New |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 695.3k $127.8m | Added +186.7k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 657.3k $120.8m | Reduced -69.8k |
| Holocene Advisors, LP 0.50% of their portfolio | 650.7k $119.6m | New |
| UBS Group AG 0.04% of their portfolio | 625.2k $114.9m | Added +128.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 583.4k $107.3m | Added +163.5k |
| Qube Research & Technologies Ltd 0.19% of their portfolio | 561.3k $103.2m | Reduced -396.3k |
| BARCLAYS PLC 0.04% of their portfolio | 462.2k $85.0m | Reduced -344.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 446.7k $82.1m | New |
| Swiss National Bank 0.06% of their portfolio | 442.2k $81.3m | Reduced -6.7k |
| PNC Financial Services Group, Inc. 0.05% of their portfolio | 436.0k $80.1m | Reduced -10.1k |
| National Pension Service 0.09% of their portfolio | 435.5k $80.1m | Added +21.7k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 435.2k $80.0m | Reduced -88.8k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 425.6k $78.2m | Added +91.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 418.8k $77.0m | Reduced -480.4k |
| US BANCORP \DE\ 0.10% of their portfolio | 408.3k $75.1m | Added +4.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 403.0k $74.6m | Reduced -1.9m |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 388.2k $71.4m | Reduced -55.3k |
| REGIONS FINANCIAL CORP 0.54% of their portfolio | 386.1k $71.0m | Added +22.9k |
| Mawer Investment Management Ltd. 0.34% of their portfolio | 385.0k $70.8m | Reduced -5.4k |
| WESTWOOD HOLDINGS GROUP INC 0.32% of their portfolio | 377.9k $69.5m | Added +12.2k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 377.9k $69.4m | Reduced -31.2k |
| TD Asset Management Inc 0.06% of their portfolio | 353.4k $65.0m | Added +1.7k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 349.5k $64.2m | Reduced -6.0k |
| DAVENPORT & Co LLC 0.40% of their portfolio | 346.6k $63.7m | Added +298.0k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 344.5k $63.3m | Reduced -24.2k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 340.4k $62.6m | Reduced -81.9k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 338.6k $63.0m | Reduced -137.1k |
| LPL Financial LLC 0.03% of their portfolio | 320.7k $59.0m | Added +29.2k |
| WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 3.18% of their portfolio | 318.5k $58.5m | Added +10.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.13% of their portfolio | 303.5k $55.8m | Reduced -103.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 285.0k $52.4m | Added +21.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 284.6k $52.3m | Reduced -3.0k |
| Boston Trust Walden Corp 0.38% of their portfolio | 275.8k $50.7m | Added +10.7k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 273.7k $50.3m | Added +20.2k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.34% of their portfolio | 273.2k $50.2m | Added +262.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 264.6k $48.7m | Reduced -2.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.16% of their portfolio | 264.6k $48.6m | Reduced -25.8k |
| JOHNSON INVESTMENT COUNSEL INC 0.50% of their portfolio | 255.9k $47.0m | Added +53.0k |
| ANCHOR CAPITAL ADVISORS LLC 1.31% of their portfolio | 253.6k $46.6m | Reduced -10.1k |
| APG Asset Management N.V. 0.08% of their portfolio | 252.3k $43.3m | Reduced -229.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.12% of their portfolio | 249.3k $45.8m | Added +230.1k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 243.3k $44.7m | Reduced -125.3k |
| PINEBRIDGE INVESTMENTS, L.P. 0.35% of their portfolio | 235.3k $43.2m | Added +91.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.17% of their portfolio | 225.3k $41.4m | Reduced -23.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 208.0k $38.2m | Added +18.1k |
| BESSEMER GROUP INC 0.07% of their portfolio | 204.8k $37.7m | Added +2.7k |
| Korea Investment CORP 0.09% of their portfolio | 189.8k $34.9m | Reduced -49.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 176.5k $32.4m | Reduced -117.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 176.4k $32.4m | Reduced -184.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 173.9k $32.0m | Reduced -91.2k |
| Douglas Lane & Associates, LLC 0.44% of their portfolio | 167.1k $30.7m | Added +147.3k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 166.5k $30.6m | Reduced -58.7k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 166.4k $30.6m | Reduced -1.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.09% of their portfolio | 160.9k $29.6m | Reduced -364.1k |
| Janney Montgomery Scott LLC 0.09% of their portfolio | 158.4k $29.1m | Added +41.4k |
| Alyeska Investment Group, L.P. 0.17% of their portfolio | 157.4k $28.9m | Reduced -162.1k |
| CITIGROUP INC 0.03% of their portfolio | 156.7k $28.8m | Reduced -2.7k |
| Van Hulzen Asset Management, LLC 1.91% of their portfolio | 155.3k $28.5m | Added +1.9k |
| ZACKS INVESTMENT MANAGEMENT 0.32% of their portfolio | 154.9k $28.5m | Added +12.2k |
| Rheos Capital Works Inc. 1.48% of their portfolio | 154.0k $28.3m | Added +1.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 150.9k $27.7m | Reduced -20.6k |
| Bridgewater Associates, LP 0.14% of their portfolio | 150.4k $27.7m | Added +63.5k |
| Ensign Peak Advisors, Inc 0.05% of their portfolio | 146.0k $26.8m | Reduced -33.8k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 144.0k $26.5m | Added +8 |
| TUDOR INVESTMENT CORP ET AL 0.29% of their portfolio | 142.5k $26.2m | New |
| DEPRINCE RACE & ZOLLO INC 0.58% of their portfolio | 141.0k $25.9m | Reduced -1.8k |
| DAVIS R M INC 0.53% of their portfolio | 140.9k $25.9m | Added +3.3k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 136.9k $25.2m | Reduced -101.1k |
| CHECK CAPITAL MANAGEMENT INC/CA 1.84% of their portfolio | 136.9k $25.2m | Added +8.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 133.1k $24.5m | Reduced -3.9k |
| Swedbank AB 0.03% of their portfolio | 131.8k $24.2m | Added +215 |
| Bahl & Gaynor LLC 0.13% of their portfolio | 130.8k $24.0m | Added +11.2k |