OakChart

Hershey Company

HSYConsumer Defensive·Confectioners·USA·Large·NYSE·Nov 11 • 2:53 PM ET

175.01+1.07 (0.61%)
2026-11-11 20:54 CET
Market cap
34,960.64 USD m
Revenue, TTM
12,258.00 USD m
Net income, TTM
1,793.60 USD m
Free cash flow, TTM
2,048.69 USD m
EPS diluted, TTM
7.75
P/E
22.57
Compare

Price

HSY against its 20, 50 and 200-day averages
2050200beat
160.00180.00200.002.1M4.3MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26HSYclose 175.0220-day 170.1450-day 168.28200-day 188.06175.0252w low

26.9% under the 52-week high of 239.48 on 2 Mar 2026. 52-week low 156.16 on 1 Oct 2026. Last 15 sessions, 12.5% high to low

Profile

HSY
52-week range, 23% of the way up
156.16239.48

The Hershey Co. engages in the manufacture and marketing of chocolate, sweets, mints and confectionery products. The firm operates through the following segments: North America Confectionery, North America Salty Snacks and International. The North America Confectionery segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada. The North America Salty Snacks segment is responsible for the salty snack products in the United States. The International segment includes the combination of all other operating segments, including those geographic regions where the company operates outside of North America. Its brands include Hershey's, Reese's, and Kisses. The company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, PA.

IndexS&P 500, RUI
Employees19595
IPODec 01, 1927
Beta0.06
ATR, 14d4.98
Rel volume1.66
Short float6.60%
Insider own27.86%
Inst own66.94%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap35.17B
Enterprise Value39.93B
Income1.79B
Sales12.26B
Book/sh24.26
Cash/sh3.37
Dividend Est.5.73 (3.27%)
Dividend TTM5.73 (3.27%)
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y12.29% 11.71%
Payout126.17%
Employees19595
IPODec 01, 1927

Ratios

P/E22.57
Forward P/E18.52
PEG1.09
P/S2.87
P/B7.21
P/C51.98
P/FCF17.17
EV/EBITDA13.14
EV/Sales3.26
Quick Ratio0.72
Current Ratio1.24
Debt/Eq1.11
LT Debt/Eq0.97
Option/ShortYes / Yes

Earnings

EPS (ttm)7.75
EPS next Y9.45
EPS next Q1.79
EPS this Y37.65%
EPS next Y8.78%
EPS next 5Y17.01%
EPS past 3/5Y-18.29% -6.59%
Sales past 3/5Y3.92% 7.49%
EPS Y/Y TTM32.39%
Sales Y/Y TTM6.69%
EPS Q/Q66.88%
Sales Q/Q2.96%
EarningsOct 29 BMO
EPS/Sales Surpr.25.04% 0.79%

Ownership

Insider Own27.86%
Insider Trans-2.25%
Inst Own66.94%
Inst Trans0.88%
ROA13.06%
ROE38.00%
ROIC18.64%
Gross Margin41.10%
Oper. Margin20.40%
Profit Margin14.63%
SMA202.86%
SMA504.00%
SMA200-6.94%
Trades-

Technical

Shs Outstand146.36M
Shs Float144.98M
Short Float6.60%
Short Ratio6.36
Short Interest9.57M
52W High239.48 -26.92%
52W Low156.16 12.07%
Volatility3.46% 2.66%
ATR (14)4.98
RSI (14)56.75
Beta0.06
Rel Volume1.66
Avg Volume1.51M
Volume2,092,777

Performance

Perf Week0.30%
Perf Month7.34%
Perf Quarter-5.97%
Perf Half Y-10.56%
Perf YTD-3.83%
Perf Year1.33%
Perf 3Y-8.60%
Perf 5Y-1.87%
Perf 10Y79.96%
Recom2.46
Target Price178.11
Prev Close173.95
Price175.01
Change %0.61%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 30, 2026DowngradeTTD CowenBuy → Hold$173-1.2%
Jul 22, 2026ReiteratedSStifelHold$215 → $180+2.8%
May 27, 2026UpgradeEEvercore ISIIn-line → Outperform$255+45.7%
May 01, 2026UpgradeTTD CowenHold → Buy$210+20.0%
Apr 21, 2026ReiteratedSStifelHold$230 → $215+22.8%
Apr 14, 2026InitiatedBBTIG ResearchNeutral
Feb 12, 2026ReiteratedSStephensOverweight$200 → $260+48.6%
Feb 06, 2026ReiteratedEEvercore ISIIn-line$215 → $250+42.8%
Feb 02, 2026ReiteratedDDA DavidsonNeutral$185 → $207+18.3%
Jan 07, 2026UpgradePPiper SandlerNeutral → Overweight$213+21.7%

Peers

Mkt cap
TickerCompanyMkt cap
MDLZMondelez International Inc84.14B
TRTootsie Roll Industries Inc2.91B
SJMJ.M. Smucker Co14.13B
PEPPepsiCo Inc194.48B
GISGeneral Mills Inc18.26B
CPBCampbells Co6.60B
KHCKraft Heinz Co28.70B
UTZUtz Brands Inc2.05B
CAGConagra Brands Inc7.09B
SMPLSimply Good Foods Co1.10B

Insider trading

latest 14 of 100
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerNov 06 '26Sale177.9510,0001,779,492416,119Nov 09 04:01 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerNov 05 '26Sale176.2610,0001,762,611426,119Nov 09 04:01 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerNov 04 '26Sale174.1610,0001,741,603436,119Nov 04 04:52 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerNov 02 '26Sale170.1810,0001,701,794456,119Nov 04 04:52 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerNov 03 '26Sale167.5510,0001,675,451446,119Nov 04 04:52 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 30 '26Sale164.9310,0001,649,346466,119Nov 02 04:04 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 29 '26Sale161.5010,0001,614,999476,119Nov 02 04:04 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 26 '26Sale167.5710,0001,675,668506,119Oct 28 04:52 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 27 '26Sale164.4610,0001,644,599496,119Oct 28 04:52 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 28 '26Sale163.4910,0001,634,906486,119Oct 28 04:52 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 22 '26Sale174.3910,0001,743,882526,119Oct 26 04:04 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 23 '26Sale170.5310,0001,705,294516,119Oct 26 04:04 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 20 '26Sale168.8510,0001,688,480546,119Oct 21 05:39 PM
HERSHEY TRUST CO TRUSTEE IN TR10% OwnerOct 21 '26Sale168.1210,0001,681,223536,119Oct 21 05:39 PM

Held by

AUM
TickerCompanyAUM
SCHDSchwab US Dividend Equity ETFAUM: 122.69B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
MOATVanEck Morningstar Wide Moat ETFAUM: 12.18B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLPState Street Consumer Staples Select Sector SPDR ETFAUM: 14.96B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-292.6402.1112.8803,2763,25018
2026Q22026-07-301.9001.4261.7782,7872,63318
2026Q12026-04-302.3502.0452.1343,1043,02820
2025Q42026-02-051.7101.4041.5753,0912,98019
2025Q32025-10-301.3001.0671.3583,1813,11818
2025Q22025-07-301.2100.9930.3092,6152,52418
2025Q12025-05-012.0901.9371.1042,8052,79119
2024Q42025-02-062.6902.3703.9152,8882,84020
2024Q32024-11-072.3402.5582.1982,9873,07620
2024Q22024-08-011.2701.4370.8912,0742,30419
2024Q12024-05-033.0702.7613.8923,2533,11220
2023Q42024-02-082.0201.9511.7002,6572,71621
2023Q32023-10-262.6002.4562.5243,0302,95119
2023Q22023-07-272.0101.9131.9802,4902,49817
2023Q12023-04-272.9602.6842.8532,9882,90817
2022Q42023-02-022.0201.7721.9212,6522,57719

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY5.7805.7445.4577,9867,981
2020FY6.2906.2206.1068,1508,080
2021FY7.1907.0967.1128,9718,902
2022FY8.5208.2717.96210,41910,343
2023FY9.5909.5079.05811,16511,229
2024FY9.3709.04810.91611,20211,155
2025FY6.3106.0014.34011,69311,582
2026FY-8.686--12,291
2027FY-9.449--12,548
2028FY-10.108--12,846
2029FY-10.413--13,048
2030FY-10.651--13,346

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-3016083,1263,0993,152
2026Q4S2026-10-2916083,1273,0993,157
2026Q4S2026-10-2216013,1533,1123,188
2026Q4S2026-10-1416013,1543,1123,189
2026Q4S2026-10-1316013,1583,1123,206
2026Q4S2026-10-1216073,1593,1123,206
2026Q4S2026-10-0516073,1613,1123,206
2026Q4S2026-10-0216073,1603,1013,206
2026Q4S2026-09-2916083,1593,1013,206
2026Q4S2026-08-2516093,1593,1013,206
2026Q4S2026-07-3116193,1593,1013,206
2026Q4S2026-07-3016183,1623,1013,206
2026Q4S2026-07-2916003,1893,1273,262
2026Q4S2026-07-2116003,1893,1273,262

Estimate history

EPS, annual3.6635.5815.4576.1067.1127.9629.05810.9164.3447.753
Period201720182019202020212022202320242025TTM
EPS, quarterly2.1983.9151.1040.3091.3581.5752.1341.7782.266
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual7515.4267791.0697986.2528149.7198971.33710419.29411164.99211202.26311692.57612258
Period201720182019202020212022202320242025TTM
Sales, quarterly2987.4942887.542805.4192614.7183181.4183091.0213104.1672787.3063275.51
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual210.861209.729208.829208.227206.109204.965204.393202.383202.84200.973
Period201720182019202020212022202320242025MRQ
Shares, quarterly202.346202.383202.597202.655202.778202.84202.838200.916200.973
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue12,258.0011,692.5811,202.2611,164.9910,419.298,971.348,149.727,986.257,791.07
Cost of Goods Sold Incl. D&A7,219.437,788.726,399.086,113.565,965.075,002.924,452.834,399.264,273.80
Gross Profit5,038.573,903.854,803.195,051.434,454.223,968.423,696.893,586.993,517.27
Selling, General and Administrative Excl. Other2,538.322,436.092,302.552,438.122,229.031,992.901,888.231,902.691,811.30
Research and Development-61.6655.8050.0346.9440.1137.5837.1538.52
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,500.261,467.762,500.642,613.312,225.191,975.511,808.661,684.301,705.96
Interest Expense214.42216.03165.12151.79129.26118.87143.88142.78137.38
Unusual Expense-29.3558.47-149.01261.78153.3338.40153.35139.74136.54
Net Income Before Taxes2,318.511,214.212,473.942,171.861,917.071,797.221,495.001,380.781,410.06
Income Taxes524.91330.95252.70310.08272.25314.40219.58234.03239.01
Consolidated Net Income1,793.60883.262,221.241,861.791,644.821,482.821,275.411,146.751,171.05
Net Income From Continuing Operations1,793.60883.262,221.241,861.791,644.821,477.511,278.711,149.691,177.56
Net Income1,793.60883.262,221.241,861.791,644.821,477.511,278.711,149.691,177.56
EPS (Recurring)6.924.5410.409.958.487.246.625.926.03
EPS (Basic, Before Extraordinaries)8.874.3510.949.098.007.156.135.495.61
EPS (Diluted)7.754.3410.929.067.967.116.115.465.58
EBITDA3,038.151,971.463,040.533,121.902,558.472,258.282,074.151,949.081,975.53
Non-Operating Income (Expense)3.3320.95-10.60-27.87-25.54-21.01-16.43-20.99-21.99
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense56.7947.5939.0069.1156.3655.1049.0042.8739.82
Price To Earnings Ratio22.4422.4419.5120.1030.2427.2124.9426.9519.21
Price To Sales Ratio3.483.173.083.434.594.483.913.882.90
Gross Margin41.1033.3942.8845.2442.7544.2345.3644.9145.14
Operating Margin20.4012.5522.3223.4121.3622.0222.1921.0921.90
Net Margin14.637.5519.8316.6815.7916.4715.6914.4015.11
Shares Outstanding200.97202.84202.38204.39204.96206.11208.23208.83209.73
Market Capitalization34,960.6434,960.6434,268.6538,126.7947,491.0739,862.5631,706.5829,888.9721,892.91

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,275.512,787.313,104.173,091.023,181.422,614.722,805.422,887.54
Cost of Goods Sold Incl. D&A1,846.071,609.871,852.531,910.972,176.831,786.901,807.301,593.91
Gross Profit1,429.441,177.441,251.641,180.051,004.59827.82998.121,293.63
Selling, General and Administrative Excl. Other673.11614.15561.31689.75594.58595.38552.61609.60
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income756.34563.29690.33490.30410.01232.43445.51684.03
Interest Expense52.2553.7752.7355.6757.0555.0148.3139.51
Unusual Expense-69.43-83.7147.2376.57-24.6339.3877.65-84.89
Net Income Before Taxes768.00588.28592.70369.53371.91149.11323.65723.06
Income Taxes187.19130.62157.5949.5295.5986.3999.45-73.53
Consolidated Net Income580.81457.67435.11320.02276.3262.72224.20796.59
Net Income From Continuing Operations580.81457.67435.11320.02276.3262.72224.20796.59
Net Income580.81457.67435.11320.02276.3262.72224.20796.59
EPS (Recurring)2.081.552.301.841.270.441.373.62
EPS (Basic, Before Extraordinaries)2.892.262.141.581.360.311.113.92
EPS (Diluted)2.271.782.131.571.360.311.103.91
EBITDA892.61699.38823.34622.82537.79356.27565.08775.23
Non-Operating Income (Expense)-5.52-4.952.3211.47-5.6811.064.09-6.35
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense13.8313.7712.5716.6112.168.5710.2512.78
Price To Earnings Ratio22.4432.6447.8427.2224.8620.4715.7019.51
Price To Sales Ratio3.483.793.633.163.333.003.213.08
Gross Margin43.6442.2440.3238.1831.5831.6635.5844.80
Operating Margin23.0920.2122.2415.8612.898.8915.8823.69
Net Margin17.7316.4214.0210.358.692.407.9927.59
Shares Outstanding200.97200.92202.84202.84202.78202.65202.60202.38
Market Capitalization34,960.6435,588.9842,137.4336,903.0037,919.7133,622.1334,644.3534,268.65

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments925.86730.75401.90463.89329.271,143.99493.26588.00380.18
Short Term Receivables729.55800.40823.62711.20671.46615.23568.51594.14588.26
Inventories1,429.251,254.091,341.001,173.12988.51964.21815.25784.88752.84
Other Current Assets504.24974.22345.59272.19256.96254.48240.08272.16280.63
Total Current Assets3,588.903,759.462,912.102,620.412,246.212,977.912,117.102,239.182,001.91
Net Property, Plant & Equipment3,854.953,796.593,617.653,096.172,937.902,509.522,373.822,130.292,106.70
Total Investments and Advances176.57212.93207.18133.0393.090.000.000.000.00
Intangible Assets5,471.704,579.624,575.284,573.234,670.763,283.433,327.123,079.391,190.22
Deferred Tax Assets27.8037.0644.4540.5040.8729.3731.031.173.02
Other Assets621.37561.20546.27485.49423.40331.62291.32252.98251.88
Total Assets13,741.3012,946.8611,902.9410,948.8210,412.239,131.848,140.407,703.025,553.73
Short Term Debt Incl. Current Port. of LT Debt771.461,952.581,059.391,479.15978.56549.45764.881,203.32859.46
Accounts Payable1,255.701,159.181,086.18970.56692.34580.06550.83502.31523.23
Income Tax Payable63.7351.0429.466.713.0717.0519.9233.7717.72
Other Current Liabilities921.01766.71833.32800.73819.35745.19673.16679.16676.13
Total Current Liabilities3,011.903,929.493,008.353,257.152,493.311,891.742,008.792,418.572,076.54
Long Term Debt4,967.123,494.984,066.223,638.834,397.534,271.633,714.983,254.282,061.02
Provision for Risks Charges141.09120.84119.67174.87230.63294.23269.98261.55254.73
Deferred Tax Liabilities679.54424.24345.70328.40288.00229.03200.02176.8645.66
Other Liabilities304.90262.65263.92250.02245.53207.33201.63184.50184.21
Total Liabilities9,104.558,232.217,803.857,649.287,655.006,893.966,395.406,295.754,622.16
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity4,636.754,714.654,099.093,299.542,757.232,234.351,739.221,398.72915.34
Total Shareholders Equity4,636.754,714.654,099.093,299.542,757.232,234.351,739.221,398.72915.34
Accumulated Minority Interest0.000.000.000.000.003.535.778.5416.23
Total Equity4,636.754,714.654,099.093,299.542,757.232,237.881,744.991,407.27931.57
Total Liabilities & Stockholders Equity13,741.3012,946.8611,902.9410,948.8210,412.239,131.848,140.407,703.025,553.73
Book Value Per Share22.8623.3020.0516.1013.3810.738.336.674.34
Tangible Book Value Per Share-4.120.67-2.33-6.21-9.28-5.04-7.60-8.01-1.30
Full-Time Employees19,59518,54020,50519,86518,99016,88016,14016,42016,910
Price to Book Ratio7.178.159.6115.4014.4614.2017.6516.0728.29
Return on Assets6.6217.8816.2915.4015.1214.8114.5117.7714.14
Return on Equity18.8950.4050.3354.3159.2064.3673.28101.7792.05
Return on Invested Capital9.2027.0622.8023.7120.6519.6521.0825.3126.31
Quick Ratio0.720.640.520.440.501.060.650.600.60
Current Ratio1.190.960.970.800.901.571.050.930.96

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,793.60883.262,221.241,861.791,644.821,482.821,275.411,146.751,171.05
Depreciation537.89503.70455.25419.81378.96315.00294.91291.54295.14
Other Funds (Non Cash)235.50728.02-149.47394.79375.10276.48305.78272.27194.62
Funds from Operations2,723.522,237.272,600.262,692.632,435.762,087.681,902.981,695.491,697.07
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-158.1640.10-68.66-369.44-107.92-4.79-203.3268.38-97.08
Income Taxes Payable-92.6882.19-17.09-32.485.00-29.68-16.16-9.5475.57
Cash from Operating Activities2,565.362,277.372,531.602,323.192,327.842,082.881,699.661,763.871,599.99
Capital Expenditures-516.67-528.22-605.94-771.11-519.48-495.88-441.63-318.19-328.60
Net Assets From Acquisitions-756.13-756.13-75.50-165.820.00-1,601.070.00-402.16-1,338.46
Sale of Fixed Assets and Businesses0.000.000.000.000.000.001.1128.13216.81
Purchase or Sale of Investments12.0511.88-285.50-256.81-275.53-128.42-87.21-80.23-52.64
Purchase of Investments0.000.00-285.50-256.81-275.53-128.42-87.21-80.23-52.64
Sale Or Maturity of Investments12.0511.880.000.000.000.000.000.000.00
Other Uses-3.45-6.240.00-4.930.000.00-3.55-8.030.00
Other Sources0.000.006.630.007.642.540.000.000.00
Cash from Investing Activities-1,190.61-1,278.72-960.31-1,198.68-787.38-2,222.83-531.28-780.48-1,502.89
Cash Dividends Paid-1,130.57-1,085.30-1,084.80-889.07-775.03-685.99-640.73-610.31-562.52
Change in Capital Stock-418.4221.30-479.53-238.90-354.81-424.74-185.66-286.40-184.18
Repurchase of Common Pref Stock-439.350.00-494.19-264.91-388.96-457.95-211.20-527.21-247.50
Sale of Common Pref Stock20.9321.3014.6626.0234.1633.2125.53240.8163.32
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-282.35279.42300.6514.73-250.37429.59327.17-184.74934.81
Change in Long Term Debt-506.531,378.15-306.36-11.32-4.74-439.44285.41983.47289.00
Issuance of Long Term Debt0.001,984.550.00744.090.000.00989.88989.621,199.85
Reduction of Long Term Debt-506.53-606.39-306.36-755.41-4.74-439.44-704.47-6.15-910.84
Net Financing Active Other Cash Flow-36.39-18.78-32.82-35.01-35.520.000.000.00-72.00
Other Financing Activities Uses-36.39-18.78-32.82-35.01-35.520.000.000.00-72.00
Cash from Financing Activities-1,867.73-803.36-1,296.50-1,148.25-1,415.72-681.14-499.23-1,081.45116.11
Exchange Rate Effect6.65-0.1854.06-38.259.89-5.08-6.993.33-5.39
Net Change in Cash-486.33195.11328.84-61.99134.62-826.15662.16-94.74207.82
Free Cash Flow2,048.691,749.151,925.651,552.081,808.361,587.011,258.031,445.681,271.39
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow46.4455.7540.9857.8046.2944.6151.6837.0731.90
Deferred Taxes & Investment Tax Credit-122.2973.2316.2336.8913.3726.88-15.0736.26

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments676.69791.21876.98925.861,163.02912.35
Short Term Receivables1,113.42907.37974.55729.55966.41820.22
Inventories1,608.761,743.321,429.121,429.251,707.521,842.30
Other Current Assets463.59514.34487.86504.24561.15850.69
Total Current Assets3,862.453,956.243,768.513,588.904,398.104,425.55
Net Property, Plant & Equipment3,789.633,777.633,801.763,854.953,763.493,789.89
Total Investments and Advances169.39174.83179.40176.57199.57204.14
Intangible Assets5,408.215,410.715,445.095,471.704,602.444,625.63
Deferred Tax Assets27.3627.7026.8927.8042.0441.03
Other Assets635.78625.94619.65621.37573.78559.50
Total Assets13,892.8313,973.0513,841.2913,741.3013,579.4313,645.74
Short Term Debt Incl. Current Port. of LT Debt685.19976.50723.21771.46763.58514.53
Accounts Payable1,414.861,400.821,303.701,255.701,459.681,450.55
Income Tax Payable20.4759.60136.3663.7398.4698.80
Other Current Liabilities998.30915.55876.50921.01906.04829.43
Total Current Liabilities3,118.823,352.473,039.773,011.903,227.762,893.31
Long Term Debt4,744.914,946.814,957.944,967.124,976.845,486.32
Provision for Risks Charges132.23132.95133.47141.09113.77114.69
Deferred Tax Liabilities779.31720.79706.46679.54470.97409.22
Other Liabilities241.84257.34269.81304.90225.64227.58
Total Liabilities9,017.119,410.369,107.449,104.559,014.989,131.12
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity4,875.724,562.694,733.854,636.754,564.454,514.62
Total Shareholders Equity4,875.724,562.694,733.854,636.754,564.454,514.62
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity4,875.724,562.694,733.854,636.754,564.454,514.62
Total Liabilities & Stockholders Equity13,892.8313,973.0513,841.2913,741.3013,579.4313,645.74
Book Value Per Share24.2622.7123.3422.8622.5122.28
Tangible Book Value Per Share-2.65-4.22-3.51-4.12-0.19-0.55
Full-Time Employees---19,595--
Price to Book Ratio7.177.529.098.088.407.18
Return on Assets13.0610.787.876.6210.3811.74
Return on Equity38.0032.8123.2318.8931.0135.89
Return on Invested Capital6.044.814.493.332.900.63
Quick Ratio0.720.660.770.720.830.89
Current Ratio1.241.181.241.191.361.53

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income580.81457.67435.11320.02276.3262.72
Depreciation136.27136.09133.00132.52127.78123.83
Other Funds (Non Cash)87.13-61.77147.2362.90126.61235.88
Funds from Operations840.78541.29741.50599.95584.54418.60
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-90.10-121.98-272.69326.61257.38-306.38
Income Taxes Payable-46.12-88.94119.05-76.67-3.9082.60
Cash from Operating Activities750.68419.32468.81926.55841.92112.22
Capital Expenditures-100.56-89.83-114.60-211.68-85.92-85.09
Net Assets From Acquisitions0.000.000.00-756.130.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments5.944.853.65-2.385.245.47
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments5.944.853.65-2.385.245.47
Other Uses0.112.54-6.170.070.29-1.58
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-94.51-82.44-117.12-896.53-80.40-154.79
Cash Dividends Paid-284.83-286.39-288.00-271.34-271.13-271.23
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.84-369.03-54.274.0410.324.20
Repurchase of Common Pref Stock0.00-370.08-69.270.000.000.00
Sale of Common Pref Stock0.841.0515.004.0410.324.20
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-487.29252.56-49.611.98-252.15-288.92
Change in Long Term Debt-501.66-1.51-1.61-1.75-301.32-303.00
Issuance of Long Term Debt0.000.000.000.000.00-1.48
Reduction of Long Term Debt-501.66-1.51-1.61-1.75-301.32-301.52
Net Financing Active Other Cash Flow-1.46-22.37-10.97-1.60-0.98-3.62
Other Financing Activities Uses-1.46-22.37-10.97-1.60-0.98-3.62
Cash from Financing Activities-772.74-425.24-402.84-266.92-513.95-559.57
Exchange Rate Effect2.042.602.28-0.263.11-0.76
Net Change in Cash-114.53-85.76-48.88-237.16250.67-602.91
Free Cash Flow650.12329.49354.21714.87755.9927.13
Price to Free Cash Flow46.4444.4258.0855.7250.5759.64

Revenue breakdown

Total Sugar & Confectionery Products revenue2024: 11.20B 2025: 11.69B
Non-US2024: 1.43B 2025: 1.44B
United States2024: 9.77B 2025: 10.25B
International2024: 947.95M 2025: 941.57M
North America Confectionery2024: 9.12B 2025: 9.48B
North America Salty Snacks2024: 1.14B 2025: 1.27B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-306.60%9.6M145.0M1.44M
2026-10-156.08%8.8M144.9M1.42M
2026-09-306.19%9.0M144.8M1.53M
2026-09-156.34%9.2M144.8M1.71M
2026-08-316.32%9.1M144.7M1.81M
2026-08-147.14%10.3M144.7M1.94M
2026-07-315.75%8.3M144.5M2.06M
2026-07-156.20%9.1M146.3M2.11M
2026-06-306.78%9.9M146.2M2.08M
2026-06-155.64%8.2M146.0M1.97M
2026-05-295.80%8.5M146.0M1.88M
2026-05-157.18%10.5M145.9M1.91M
2026-04-306.12%8.9M145.8M2.07M
2026-04-156.48%9.4M145.5M2.06M
2026-03-315.96%8.7M145.3M2.02M
2026-03-135.24%7.6M145.3M1.91M
2026-02-275.67%8.2M145.3M1.89M
2026-02-136.19%9.0M145.3M1.85M
2026-01-306.34%9.2M145.3M1.71M
2026-01-156.68%9.7M145.4M1.70M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call90.0083.4086.500.006.2850.000.000.992-0.2900.003
call95.0077.9080.900.005.1190.000.000.991-0.2910.003
call10072.9075.900.004.7450.000.000.990-0.2880.003
call10567.9070.900.004.6520.000.000.990-0.2840.003
call11062.9066.400.004.6510.000.000.989-0.2810.004
call11557.9060.900.003.9500.000.000.988-0.2770.004
call12052.9055.900.003.6180.000.000.987-0.2730.004
call12547.9050.900.003.2530.000.000.985-0.2680.005
call13042.9046.300.003.1900.000.000.984-0.2630.005
call13537.9041.100.002.6450.000.000.982-0.2570.006
call13834.9037.700.002.3930.000.000.981-0.2530.006
call13934.0037.0034.822.1530.001.000.980-0.2520.006
call14033.0035.5033.892.1620.001.000.980-0.2510.006
call14132.0034.700.002.2220.000.000.979-0.2490.006
call14231.0034.100.002.3640.000.000.978-0.2480.006
call14330.0032.900.002.2100.000.000.978-0.2460.007
call14429.0031.7019.612.0522.000.000.977-0.2450.007
call14528.0030.7018.621.9962.000.000.977-0.2430.007
call14627.0030.100.002.1250.000.000.976-0.2410.007
call14726.0029.200.002.1080.000.000.975-0.2390.007
call14825.0027.900.001.9040.000.000.974-0.2380.007
call14924.0027.300.002.0270.000.000.974-0.2360.008
call15023.0025.7021.101.7163.000.000.973-0.2340.008
call152.520.4023.800.001.7920.000.000.970-0.2280.008
call15517.9020.7011.601.43713.000.000.967-0.2230.009
call157.515.4018.200.001.2730.000.000.963-0.2190.010
call16012.9015.706.701.15614.000.000.943-0.2990.014
call162.510.5013.204.700.9188.000.000.934-0.2980.016
call1658.5010.808.000.90021.000.000.903-0.3480.022
call167.55.608.406.370.77318.001.000.870-0.3720.027
call1703.206.204.370.67042.001.000.793-0.4550.036
call172.53.003.402.350.38057.000.000.708-0.4290.043
call1751.451.751.200.34923713.000.505-0.4710.050
call177.50.550.800.570.35274.006.000.297-0.4170.044
call1800.200.300.250.3531362.000.227-0.5170.038
call182.50.050.600.100.4771391.000.163-0.4920.031
call1850.002.250.320.71138.000.000.113-0.4300.025
call187.50.002.201.250.8304.000.000.150-0.6610.031
call1900.002.200.300.7991070.000.082-0.3930.020
call192.50.002.150.180.8881.000.000.070-0.3750.018
call1950.002.150.050.97312.000.000.065-0.3870.017
call197.50.002.150.001.0580.000.000.060-0.3980.016
call2000.002.150.251.1361.000.000.057-0.4090.015
call202.50.002.150.001.4200.000.000.090-0.7270.021
call2050.002.150.001.5050.000.000.086-0.7440.021
call2100.002.150.001.5430.000.000.060-0.5760.016
call2150.002.150.001.6900.000.000.055-0.5950.015
call2200.002.150.001.7160.000.000.040-0.4680.011
call2250.002.150.001.8460.000.000.038-0.4790.011
call2300.002.150.002.2540.000.000.062-0.8680.016
call2350.002.150.002.0860.000.000.034-0.4990.010
call2400.002.150.002.5160.000.000.057-0.9040.015
call2450.002.150.002.6410.000.000.055-0.9200.015
call2500.002.150.002.4350.000.000.030-0.5230.009
put90.000.000.250.004.1310.000.00-0.012-0.4060.004
put95.000.002.150.004.0200.000.00-0.017-0.5200.005
put1000.002.150.003.7160.000.00-0.018-0.5130.006
put1050.002.150.003.4240.000.00-0.019-0.5060.006
put1100.002.150.003.1460.000.00-0.021-0.4980.007
put1150.002.150.002.8780.000.00-0.023-0.4890.007
put1200.002.150.002.6200.000.00-0.025-0.4800.008
put1250.002.150.002.3920.000.00-0.027-0.4720.008
put1300.002.150.002.1500.000.00-0.030-0.4610.009
put1350.002.150.001.9150.000.00-0.033-0.4480.010
put1380.002.150.001.5840.000.00-0.019-0.2440.006
put1390.002.150.001.5450.000.00-0.020-0.2430.006
put1400.002.150.751.5261040.00-0.020-0.2470.006
put1410.002.150.001.4640.000.00-0.021-0.2410.006
put1420.002.150.001.5650.000.00-0.035-0.3880.010
put1430.002.150.531.3783.000.00-0.022-0.2370.007
put1440.002.150.651.3422.000.00-0.023-0.2360.007
put1450.002.150.361.29558.000.00-0.023-0.2330.007
put1460.002.150.001.3920.000.00-0.039-0.3750.011
put1470.002.150.001.3690.000.00-0.045-0.4100.013
put1480.002.150.001.2930.000.00-0.042-0.3690.012
put1490.002.150.001.2440.000.00-0.043-0.3610.012
put1500.000.950.301.12521.000.00-0.027-0.2320.008
put152.50.001.151.401.02113.000.00-0.029-0.2270.008
put1550.001.150.050.90428.000.00-0.033-0.2170.009
put157.50.000.150.040.79524.0011.00-0.038-0.2140.010
put1600.000.300.100.73563.000.00-0.060-0.3030.015
put162.50.002.250.140.62937.000.00-0.076-0.3260.018
put1650.000.350.330.52185.000.00-0.105-0.3690.023
put167.50.050.200.150.43577.002.00-0.115-0.3300.024
put1700.200.350.330.37841.001.00-0.191-0.4240.034
put172.50.550.850.650.36632.003.00-0.299-0.4420.044
put1751.401.803.500.3553740.00-0.498-0.4670.050
put177.53.003.402.400.36910.000.00-0.706-0.4100.043
put1804.407.108.100.8018.000.00-0.773-0.5080.038
put182.56.709.605.400.89945.000.00-0.842-0.4690.031
put1859.3011.8011.801.0320.000.00-0.871-0.4620.027
put187.511.3014.700.001.2280.000.00-0.898-0.4420.022
put19013.5017.200.001.4120.000.00-0.918-0.4040.019
put192.516.0019.700.001.5370.000.00-0.935-0.3580.016
put19518.5022.200.001.6570.000.00-0.940-0.3700.015
put197.521.0024.700.001.6960.000.00-0.945-0.3820.014
put20023.5027.200.001.8050.000.00-0.948-0.3920.013
put202.525.8029.700.001.9120.000.00-0.951-0.4010.013
put20528.5032.200.002.1100.000.00-0.953-0.4080.012
put21033.5037.200.002.3140.000.00-0.957-0.4230.011
put21538.5042.200.002.4590.000.00-0.961-0.4360.011
put22043.5047.200.002.5950.000.00-0.964-0.4480.010
put22548.5052.200.002.7680.000.00-0.966-0.4580.010
put23053.5057.200.002.9180.000.00-0.968-0.4680.009
put23558.5062.200.003.2020.000.00-0.969-0.4760.009
put24063.5067.200.003.2470.000.00-0.971-0.4840.008
put24568.6072.200.003.5110.000.00-0.972-0.4910.008
put25073.5077.200.003.5230.000.00-0.973-0.4980.008

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-27SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-284Statement of changes in beneficial ownership of securities2026-10-26SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-22SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-19SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-193Initial statement of beneficial ownership of securities2026-10-12SEC
2026-10-144Statement of changes in beneficial ownership of securities2026-10-12SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-08SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-304Statement of changes in beneficial ownership of securities2026-09-28SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-24SEC
2026-09-234Statement of changes in beneficial ownership of securities2026-09-21SEC
2026-09-224Statement of changes in beneficial ownership of securities2026-09-18SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11008.66M5
2026-100036.27M22
2026-090035.75M21
2026-080038.75M23
2026-070038.89M24
2026-060037.96M22
2026-050038.30M21
2026-040041.58M23
2026-030026.01M13
2026-02001.57M3
2026-0100321.94K2
2025-1200282.77K1
2025-11445.41K3320.31K2

Institutional holders

Manager% owned
BlackRock, Inc.6.47%
VANGUARD CAPITAL MANAGEMENT LLC4.77%
VANGUARD PORTFOLIO MANAGEMENT LLC3.58%
STATE STREET CORP3.56%
MORGAN STANLEY2.78%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC2.35%
GEODE CAPITAL MANAGEMENT, LLC2.14%
Capital World Investors1.73%
ROYAL BANK OF CANADA1.43%
GQG Partners LLC1.36%

Funds

Fund% owned
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND6.42%
PGIM Ultra Short Bond ETF5.97%
Invesco BulletShares 2026 Corporate Bond ETF4.05%
iShares iBonds Dec 2026 Term Corporate ETF3.47%
VANGUARD TOTAL BOND MARKET II INDEX FUND3.29%
AVE MARIA BOND FUND2.40%
VANGUARD TOTAL STOCK MARKET INDEX FUND2.32%
Invesco BulletShares 2028 Corporate Bond ETF2.03%
Schwab U.S. Dividend Equity ETF2.02%
EQ/Intermediate Corporate Bond Portfolio1.99%

OakChart. HSY. Cached 15 minutes.