1Q22 Hershey reported 16.7% revenue decline to $2.07B, PFG Advisors reduced stake, and Vanguard & Norges Bank increased theirs.
PFG Advisors reduced its Hershey Company stake by 7.5% in Q2, while other firms like Vanguard and Norges Bank increased theirs. Hershey reported a 16.7% revenue decline to $2.07 billion and an EPS of $1.27, missing estimates. The company declared a quarterly dividend of $1.37 per share. Currently, institutional investors hold 57.96% of Hershey's stock, and analysts have mixed ratings, with an average "hold" and a target price of $203.21.
September 14, 2024
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