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 ($23.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $166.03. Options: 30 managers hold calls ($338.5m notional), 31 hold puts ($410.3m).
Trends to Q2 2025
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 |
| Q3 2024 | 1,401 |
| Q4 2024 | 1,348 |
| Q1 2025 | 1,348 |
| Q2 2025 | 1,314 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 563 | 608 |
| Q4 2023 | 577 | 559 |
| Q1 2024 | 677 | 555 |
| Q2 2024 | 694 | 548 |
| Q3 2024 | 640 | 575 |
| Q4 2024 | 521 | 743 |
| Q1 2025 | 675 | 572 |
| Q2 2025 | 618 | 576 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $519.9m | $484.9m | 0.93 |
| Q4 2024 | $1.3bn | $609.9m | 0.47 |
| Q1 2025 | $592.6m | $465.6m | 0.79 |
| Q2 2025 | $338.5m | $410.3m | 1.21 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +3.4m |
| Capital Research Global Investors | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.1m |
| VAN ECK ASSOCIATES CORP | Added | +1.0m |
| Balyasny Asset Management L.P. | New | +758.5k |
| Scharf Investments, LLC | New | +545.9k |
| EQUITY INVESTMENT CORP | New | +444.1k |
| READYSTATE ASSET MANAGEMENT LP | New | +440.0k |
| Holocene Advisors, LP | Added | +380.5k |
| CITIGROUP INC | Added | +339.2k |
Biggest sellers
| Capital International Investors | Reduced | -944.9k |
| Thrivent Financial for Lutherans | Reduced | -522.0k |
| MACQUARIE GROUP LTD | Reduced | -222.8k |
| Squarepoint Ops LLC | Reduced | -219.4k |
| DEUTSCHE BANK AG\ | Reduced | -179.4k |
| Amundi | Reduced | -165.2k |
| JANUS HENDERSON GROUP PLC | Reduced | -126.9k |
| California Public Employees Retirement System | Reduced | -110.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -86.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -84.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $88.9m536.0k shares |
| CITADEL ADVISORS LLC | Reduced | $66.1m398.1k shares |
| JANE STREET GROUP, LLC | Reduced | $36.1m217.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $29.3m176.4k shares |
| GROUP ONE TRADING LLC | Reduced | $16.4m98.8k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $13.1m78.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $12.8m76.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.7m76.6k shares |
| Squarepoint Ops LLC | Added | $11.8m71.1k shares |
| IMC-Chicago, LLC | Reduced | $9.7m58.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $149.2m899.2k shares |
| JANE STREET GROUP, LLC | Added | $49.6m298.8k shares |
| CITADEL ADVISORS LLC | Reduced | $41.6m250.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $24.6m148.5k shares |
| BARCLAYS PLC | Reduced | $24.1m145.0k shares |
| WELLS FARGO & COMPANY/MN | Reduced | $16.6m100.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $14.5m86.9k shares |
| Baader Bank Aktiengesellschaft | New | $9.3m55.9k shares |
| GROUP ONE TRADING LLC | Reduced | $8.8m52.9k shares |
| IMC-Chicago, LLC | Reduced | $8.6m51.6k 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 2025
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 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 |
| Q3 2024 | 0 | — | 5 | $9.3m | $9.1m |
| Q4 2024 | 0 | — | 2 | $415.3k | $415.3k |
| Q1 2025 | 0 | — | 2 | $581.1k | $581.1k |
| Q2 2025 | 0 | — | 5 | $6.7m | $5.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-09 | Grover Rohit President, International | Sold plan | $219.9k1.3k shares |
| 2025-06-09 | Turoff James SVP, GC & Secretary | Sold plan | $214.5k1.3k shares |
| 2025-05-30 | Buck Michele Chairman, President and CEO, director | Sold plan | $5.0m31.2k shares |
| 2025-05-30 | Turoff James SVP, GC & Secretary | Sold plan | $209.0k1.3k shares |
| 2025-05-28 | McCalman Jennifer VP, Chief Accounting Officer | Sold plan | $153.0k974 shares |
| 2025-05-02 | Malcolm Robert Director | Sold | $907.3k5.5k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 18.8m $3.1bn | Added +210.1k |
| BlackRock, Inc. 0.04% of their portfolio | 12.3m $2.0bn | Reduced -7.9k |
| Capital International Investors 0.30% of their portfolio | 10.7m $1.8bn | Reduced -944.9k |
| STATE STREET CORP 0.04% of their portfolio | 7.1m $1.2bn | Added +14.9k |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 6.2m $1.0bn | Added +3.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 5.1m $849.1m | Added +125.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 4.6m $755.3m | Added +126.5k |
| MORGAN STANLEY 0.04% of their portfolio | 3.5m $580.3m | Added +292.3k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 3.3m $543.7m | Added +150.2k |
| HERSHEY TRUST CO 3.64% of their portfolio | 2.1m $342.9m | Unchanged |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.6m $263.0m | Reduced -6.4k |
| UBS Group AG 0.05% of their portfolio | 1.6m $261.2m | Added +236.9k |
| Capital Research Global Investors 0.05% of their portfolio | 1.5m $249.6m | Added +1.5m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.4m $235.7m | Reduced -33.5k |
| NORGES BANK 0.03% of their portfolio | 1.4m $234.4m | Added +28.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.4m $229.6m | Added +129.3k |
| Invesco Ltd. 0.04% of their portfolio | 1.3m $212.5m | Added +11.4k |
| STIFEL FINANCIAL CORP 0.20% of their portfolio | 1.3m $209.0m | Reduced -13.4k |
| Holocene Advisors, LP 0.50% of their portfolio | 1.2m $204.5m | Added +380.5k |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 1.1m $187.2m | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.1m $180.1m | Added +64.5k |
| Amundi 0.06% of their portfolio | 1.1m $187.1m | Reduced -165.2k |
| VAN ECK ASSOCIATES CORP 0.20% of their portfolio | 1.1m $176.4m | Added +1.0m |
| MACQUARIE GROUP LTD 0.21% of their portfolio | 1.0m $167.4m | Reduced -222.8k |
| Legal & General Group Plc 0.04% of their portfolio | 1.0m $166.0m | Reduced -66.2k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 958.7k $159.1m | Reduced -1.9k |
| Pacer Advisors, Inc. 0.34% of their portfolio | 815.4k $135.3m | Reduced -4.1k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 806.1k $133.8m | Added +115.6k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.79% of their portfolio | 764.4k $126.9m | Added +65.0k |
| Balyasny Asset Management L.P. 0.29% of their portfolio | 758.5k $125.9m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 745.8k $123.8m | Added +35.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 705.8k $117.1m | Reduced -16.1k |
| BARCLAYS PLC 0.05% of their portfolio | 703.1k $116.7m | Reduced -6.0k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 604.3k $100.3m | Added +157.2k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 572.7k $95.0m | Added +3.3k |
| Scharf Investments, LLC 2.61% of their portfolio | 545.9k $90.6m | New |
| California Public Employees Retirement System 0.06% of their portfolio | 537.0k $89.1m | Reduced -110.8k |
| CITIGROUP INC 0.06% of their portfolio | 534.6k $88.7m | Added +339.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 501.3k $83.2m | Reduced -179.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 499.3k $82.9m | Added +86.7k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 483.7k $80.3m | Added +11.9k |
| Swiss National Bank 0.04% of their portfolio | 447.9k $74.3m | Added +31.2k |
| EQUITY INVESTMENT CORP 1.61% of their portfolio | 444.1k $73.7m | New |
| READYSTATE ASSET MANAGEMENT LP 3.03% of their portfolio | 440.0k $73.0m | New |
| LPL Financial LLC 0.02% of their portfolio | 438.7k $72.8m | Added +12.9k |
| WESTWOOD HOLDINGS GROUP INC 0.49% of their portfolio | 409.1k $67.9m | Reduced -18.6k |
| US BANCORP \DE\ 0.08% of their portfolio | 402.3k $66.8m | Added +4.5k |
| FMR LLC 0.00% of their portfolio | 378.4k $62.8m | Reduced -55.1k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 371.4k $61.6m | Reduced -8.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 366.1k $60.8m | Added +618 |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 333.9k $55.4m | Added +4.1k |
| Douglas Lane & Associates, LLC 0.80% of their portfolio | 331.0k $54.9m | Reduced -4.7k |
| Nuveen, LLC 0.02% of their portfolio | 328.8k $54.6m | Added +5.6k |
| Freestone Grove Partners LP 0.41% of their portfolio | 324.9k $53.9m | New |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 300.6k $49.9m | Reduced -37.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 286.2k $47.5m | Added +21.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 285.5k $47.4m | Added +13.5k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 284.3k $47.2m | Reduced -10.8k |
| TD Asset Management Inc 0.04% of their portfolio | 284.1k $47.1m | Reduced -13.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 276.0k $46.0m | Added +137.0k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 274.8k $45.6m | Reduced -9.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 266.0k $44.1m | Reduced -41.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 260.3k $43.2m | Reduced -11.8k |
| ANCHOR CAPITAL ADVISORS LLC 1.26% of their portfolio | 258.9k $43.0m | Added +1.6k |
| Mawer Investment Management Ltd. 0.22% of their portfolio | 255.6k $42.4m | Reduced -14.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 238.4k $39.6m | Reduced -72.8k |
| National Pension Service 0.03% of their portfolio | 231.7k $38.5m | Added +1.7k |
| Focus Partners Wealth 0.08% of their portfolio | 220.4k $36.6m | Reduced -7.3k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 219.2k $36.4m | Added +4.3k |
| Value Partners Investments Inc. 2.78% of their portfolio | 214.4k $35.6m | Reduced -385 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 214.4k $35.6m | Added +918 |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 209.4k $34.8m | Added +16.2k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 200.1k $33.2m | Added +42.7k |
| BESSEMER GROUP INC 0.05% of their portfolio | 196.8k $32.7m | Reduced -1.0k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.21% of their portfolio | 192.2k $31.9m | Reduced -11.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 189.1k $31.4m | Reduced -9.4k |
| Ensign Peak Advisors, Inc 0.05% of their portfolio | 187.0k $31.0m | Added +12.8k |
| CHECK CAPITAL MANAGEMENT INC/CA 2.04% of their portfolio | 186.6k $31.0m | Reduced -1.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 183.6k $30.5m | Reduced -86.3k |
| Willis Investment Counsel 1.73% of their portfolio | 178.4k $29.6m | Added +15.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 169.8k $28.2m | Reduced -14.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 166.9k $27.7m | Reduced -72.4k |
| Woodline Partners LP 0.14% of their portfolio | 158.0k $26.2m | Added +145.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.69% of their portfolio | 154.0k $25.6m | Unchanged |
| Rheos Capital Works Inc. 1.47% of their portfolio | 154.0k $25.6m | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio | 153.2k $25.4m | Reduced -424 |
| ZACKS INVESTMENT MANAGEMENT 0.21% of their portfolio | 150.3k $24.9m | Added +174 |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.09% of their portfolio | 145.0k $24.1m | Reduced -437 |
| Swedbank AB 0.03% of their portfolio | 141.9k $23.5m | First filing |
| SMITH CHAS P & ASSOCIATES PA CPAS 1.32% of their portfolio | 141.6k $23.5m | Added +8.5k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 140.6k $23.3m | Added +27.9k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 136.1k $22.6m | Added +2.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 132.7k $22.0m | Reduced -3.0k |
| KLP KAPITALFORVALTNING AS 0.09% of their portfolio | 131.3k $21.8m | Added +3.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 131.1k $21.8m | Reduced -607 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 127.3k $21.1m | Reduced -6.9k |
| Iron Gate Global Advisors LLC 2.29% of their portfolio | 124.0k $20.6m | Added +6.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 122.5k $20.3m | Reduced -22.9k |
| iA Global Asset Management Inc. 0.30% of their portfolio | 118.4k $19.6m | New |
| HEARTLAND ADVISORS INC 1.09% of their portfolio | 117.8k $19.6m | Added +58.5k |