Citigroup Upgrades Hershey: A Look at Investor Sentiment
On February 7, 2025, Citigroup revised its outlook for Hershey (WBAG:HSY) from Sell to Neutral.
Current Fund Sentiment Towards Hershey
Currently, 2,164 funds and institutions hold shares in Hershey. This indicates a decrease of 23 fund owners or 1.05% compared to the previous quarter. The average portfolio weight for all funds invested in HSY stood at 0.29%, reflecting an increase of 0.83%. Over the last three months, total shares owned by institutions rose by 5.05% to reach 199,795K shares.
The Hershey Trust remains the largest shareholder, holding 54,612K shares, which represents 36.96% of the company. This ownership percentage has remained steady over the last quarter.
Capital International Investors has also increased its stake significantly, now owning 9,479K shares (6.42% ownership), up from 699K shares in its previous filing. This marks an impressive 92.62% increase. Their allocation in HSY grew by an astounding 1,218.86% in the last quarter.
JPMorgan Chase holds 4,701K shares (3.18%), a rise from 3,919K shares previously, which is a 16.64% increase. Their portfolio allocation in HSY also saw an extraordinary boost, rising by 1,204.28% last quarter.
The Vanguard Total Stock Market Index Fund (VTSMX) holds 4,678K shares, representing 3.17% ownership, showing a slight increase of 0.16% from its previous holdings (4,670K shares). However, this firm reduced its allocation in HSY by 1.86% last quarter.
Charles Schwab Investment Management increased its shares from 4,388K to 4,635K shares (3.14% ownership), marking a 5.34% increase. Conversely, they reported a significant decrease of 28.36% in their allocation to HSY during the last quarter.
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This article first appeared on Fintel.
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