Hershey (HSY)
Makes Reese’s and Hershey’s confectionery alongside SkinnyPop, Dot’s and LesserEvil snacks.
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Sells chocolate, candy, mints, protein bars and salty snacks through retail and wholesale channels, led by Reese’s, Hershey’s, SkinnyPop and Dot’s Homestyle Pretzels. North America confectionery remains the core business, while the Milton Hershey School Trust retains voting control through Class B shares.
Builds a broad snacking portfolio around Reese’s, Hershey’s, Kisses, Kit Kat, Jolly Rancher and Twizzlers, spanning chocolate, non-chocolate candy, mints, protein bars and pantry products. SkinnyPop, LesserEvil, Pirate’s Booty and Dot’s Homestyle Pretzels extend the lineup into popcorn, puffs and pretzels.
Operates through North America Confectionery, North America Salty Snacks and International. Principal operations and markets remain in the United States, while manufacturing in Mexico, Brazil, India and Malaysia supports regional and export sales. A unified U.S. commercial model brings sweet, salty and protein brands to retailers through shared category insights, merchandising and sales execution.
Cocoa is the most significant raw material for chocolate, making procurement and price management central operating dependencies. Food-safety rules govern manufacturing and sales, while the Milton Hershey School Trust retains voting control through Class B shares.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 21, 2026 | RBC Capital | Reiterate | Rating: —Target: — | Target: $206 |
| Aug 3, 2026 | Barclays | Reiterate | Rating: —Target: $208 | Target: $200 |
| Jul 31, 2026 | Bernstein | Reiterate | Rating: —Target: $250 | Target: $201 |
| Jul 31, 2026 | D.A. Davidson | Target | Target: $208 | Target: $190 |
| Jul 31, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $188 | Target: $191 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $791.2M · Total debt $5.61B · Total assets $13.97B · Shareholders' equity $4.56B
- Revenue
- $2.79B
- Operating income
- $642.6M
- Net income
- $457.7M
HistoryDividendAnnual yield
| Institutions | 67.15% | 134.92M shares | |
|---|---|---|---|
| 1,449 holders · as of Jun 30, 2026 | |||
| Insiders | 0.37% | 744.4K shares | |
| 34 holders · as of Sep 17, 2026 | |||
| Strategic holders | 27.56% | 55.38M shares | |
| 1 holder · as of Sep 21, 2026 | |||
| Other | 4.92% | 9.88M shares | |
| remainder | |||
200.93M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hershey Trust Co Trustee in Trust for Milton Hershey SchoolStrategic10 percent owner | 27.56% | 766,119 · 54.61M B | filed Sep 21, 2026 |
BlackRock, Inc.Institution | 6.54% | 13.13M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.82% | 9.68M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.62% | 7.27M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.60% | 7.23M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $168.97 |
| Sep 17, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $169.19 |
| Sep 16, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $171.47 |
| Sep 15, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $170.80 |
| Sep 14, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $174.41 |
- Mondelez International
Cadbury and Oreo rival — chocolate, biscuits, mints; twice bid for Hershey.
- PepsiCo
Frito-Lay (~60% US salty snacks) — Smartfood vs SkinnyPop, Rold Gold vs Dot's.
- Conagra Brands
BOOMCHICKAPOP vs SkinnyPop/LesserEvil; Orville Redenbacher in adjacent popcorn.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hershey | $169.05 | +0.68% | $34.05B | 22.9 | 18.3 | 2.8 | +6.6% |
| Mondelez International | $61.08 | +1.51% | $76.80B | 22.2 | 19.0 | 1.9 | +4.1% |
| PepsiCo | $130.60 | +0.78% | $177.02B | 17.0 | 15.0 | 1.8 | +6.4% |
| Conagra Brands | $14.76 | −0.67% | $7.10B | — | 10.0 | 0.6 | +3.6% |
| Median | 19.6 | 15.0 | 1.8 | +4.1% |