HERSHEY CO · Sugar & Confectionery Products

HSY

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The short version

A profitable company with steady sales.

Going well

Profitable every year for 10 years
Brings in more cash than it spends

Money moves

Insiders sold $32.9M in the last 30 days, all through pre-planned sales
Institutions added 5% to their holdings in the quarter ending June 2026 (643 bought, 679 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$168.20-0.9% that day

Company value: $37.6B; Share price times all shares
Price vs profit (P/E): 42.6x; You pay about $43 for each $1 of yearly profit
Price vs sales: 3.1x; Company value is 3.1 times a year of sales
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 14%; Debt as a share of company value

From HSY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.8B+6.6% vs a year earlier

Oct '23Tap a barJun '26

Last 12 months: $12.2B, up 7.7% from the 12 months before. Over 5 years, sales grew about 7.5% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of HSY. Starting points are the company's recent numbers.

Sales growth+8% a yearRecently: +7.7% a yearProfit margin12%Last 12 months: 12.2%P/E at the end40xToday: 42.6x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$17.9B

Profit in 5 years$2.1B

Price these guesses point to$383.32+128% vs $168.20 todayAbout +18% a year, before dividends

What today's price needs: with a 12% margin and a 40x P/E, sales could shrink about 8.4% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.9%
MissDebt under half of equityNot relying on borrowed money.1.12x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.6%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.8B
MissGross margin 40%+Pricing power: sells for well above what it costs to make.33.5%

Revenue: $11.7B; +4.4% vs prior year
5-year growth: +7.5%/yr; revenue, per year
Total debt: $5.2B; 1.12x equity
Current ratio: 1.19x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 28, 2026

Reported Jul 30

Revenue: $2.8B; +6.6% YoY
Op. margin: 23.1%; +15.7 pts
Gross margin: 45.3%; +14.8 pts
Free cash flow: $329.5M

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $36.2M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

33/ 100

This week: 2
Normal week: 4.0
vs normal: 0.5x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+5.0%

Institutions added 5.0% to their holdings. 643 bought, 679 sold.

Shares held by institutions130.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-0.5%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.1x · $5.2B debt

Shares outstandingLatest reported

224M

Earnings reports

Last 12

Next reportIn 1 days (est.)Estimated from the same quarter last year

Results filedJul 30
Results filedApr 30
Results filedMar 31
Results filedFeb 5
Results filedOct 30, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$36.2M1 insider, 9 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	20K	$172.46	$3.4M	516K	Oct 23Filing ↗
-3.7% of their holdings $169.29 to $175.51 across 14 trades Traded Oct 22 to Oct 23 Pre-planned sale (10b5-1) Filed 3 days after
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	30K	$168.15	$5.0M	536K	Oct 21Filing ↗
-5.3% of their holdings $166.97 to $169.64 across 9 trades Traded Oct 19 to Oct 21 Pre-planned sale (10b5-1) Filed same day
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	20K	$169.58	$3.4M	566K	Oct 16Filing ↗
-3.4% of their holdings $166.97 to $172.01 across 8 trades Traded Oct 15 to Oct 16 Pre-planned sale (10b5-1) Filed 3 days after
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	30K	$163.31	$4.9M	586K	Oct 14Filing ↗
-4.9% of their holdings $160.84 to $165.21 across 14 trades Traded Oct 12 to Oct 14 Pre-planned sale (10b5-1) Filed same day
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	20K	$162.36	$3.2M	616K	Oct 9Filing ↗
-3.1% of their holdings $160.86 to $163.15 across 7 trades Traded Oct 8 to Oct 9 Pre-planned sale (10b5-1) Filed same day
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	30K	$160.89	$4.8M	636K	Oct 7Filing ↗
-4.5% of their holdings $159.83 to $162.23 across 11 trades Traded Oct 5 to Oct 7 Pre-planned sale (10b5-1) Filed same day
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	20K	$159.56	$3.2M	666K	Oct 2Filing ↗
-2.9% of their holdings $156.71 to $160.33 across 8 trades Traded Oct 1 to Oct 2 Pre-planned sale (10b5-1) Filed 3 days after
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	30K	$161.84	$4.9M	686K	Sep 30Filing ↗
-4.2% of their holdings $157.69 to $166.39 across 14 trades Traded Sep 28 to Sep 30 Pre-planned sale (10b5-1) Filed same day
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% owner	Sell	20K	$167.23	$3.3M	716K	Sep 25Filing ↗
-2.7% of their holdings $166.49 to $170.03 across 7 trades Traded Sep 24 to Sep 25 Pre-planned sale (10b5-1) Filed 3 days after