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The Davenport Value & Income Fund's investment thesis on The Hershey Company ($HSY) — Q1 2025 | Buyside Digest

$HSYNYSEThe Hershey Company

BEAR

The Davenport Value & Income Fund—HSY

Fund Letter

Q1 2025

Published March 31, 2025

$187.18USD

+8.1% vs last month

$162.24Pitched

+15.4% since pitch

Market Cap$36.6B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Hershey was sold after cocoa commodity costs remained stubbornly elevated, leading to a projected 30% earnings decline. The business faces...

— George L. Smith III, Michael S. Beall, Adam Bergman

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Other investors who've written on The Hershey Company

Hershey's benefited from retreating cocoa costs and resilient consumer demand despite previous price increases. The manager's thesis...