BlackRock Amends Hershey Co. Stake, Signals Portfolio Adjustment
Ticker: HSY · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Hershey stake, watch for potential market ripple effects.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in their ownership of HERSHEY CO common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their passive investment in the confectionery giant. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their investment strategy or outlook on Hershey's future performance, potentially influencing other investors.
Why It Matters
Large institutional investors like BlackRock adjusting their positions can influence market sentiment and potentially impact HERSHEY CO's stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate or significant risk to HERSHEY CO.
Analyst Insight
Investors should note BlackRock's continued, albeit adjusted, passive stake in HERSHEY CO, but this filing alone doesn't warrant immediate action. It's a routine update from a large institutional investor.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- HERSHEY CO (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 14 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 14.
Who is the subject company of this filing?
The subject company is HERSHEY CO, identified by the CIK 0000047111 and the CUSIP Number 427866108.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., identified by the CIK 0001364742.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
From the Filing
EDGAR Filing Documents for 0001086364-24-002287 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002287 Filing Date 2024-01-24 Accepted 2024-01-24 14:27:13 Documents 1 Document Format Files Seq Description Document Type Size 1 us4278661081_012424.txt SC 13G/A 11993 Complete submission text file 0001086364-24-002287.txt 14045 Mailing Address 19 EAST CHOCOLATE AVENUE EXTERNAL RPTG & COMPLIANCE HERSHEY PA 17033 Business Address 19 EAST CHOCOLATE AVENUE EXTERNAL RPTG & COMPLIANCE HERSHEY PA 17033 7175344200 HERSHEY CO (Subject) CIK : 0000047111 (see all company filings) EIN. : 230691590 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-10614 | Film No.: 24555825 SIC : 2060 Sugar & Confectionery Products (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)