HERSHEY CO(HSY)Stock Analysis
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Rank #920 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
HSY Stock Analysis & AI Quality Score
AI stock analysis and institutional research for HERSHEY CO (HSY), a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores HSY at 59.4/100 on a 32-signal composite quality model, placing it at rank #920 of 2,879 stocks — the top half of the AI-ranked universe. HSY scores in the top quartile across revenue scale (87.9), balance sheet strength (79.2), institutional flow (77.7). Areas of concern include earnings quality (10.2) and revenue growth (31.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), HERSHEY CO reports quarterly revenue of $3.1B, net income of $435.1M, free cash flow of $354.2M. Top institutional holders of HSY by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. HSY trades on the NYSE exchange and files with the SEC under CIK 47111. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HSY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HERSHEY CO directly from SEC EDGAR. HERSHEY CO's 13F Pro composite quality score has ranged between 8 and 78 since 2021, currently 59.4 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$3.1B
Net Income
Q1 2026
$435.1M
Free Cash Flow
Q1 2026
$354.2M
ROIC
Q1 2026
6.5%
D/E Ratio
Q1 2026
1.24
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+4.4% YoYNet Income
-60.2% YoYOperating Income
-50.3% YoYTotal Assets
+6.1% YoYTotal Debt
+1.5% YoYOp. Cash Flow
-10.0% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $11.69B +4.4% | $11.20B +0.3% | $11.16B +7.2% | $10.42B +16.1% | $8.97B +10.1% | $8.15B |
| Net Income | $883.3M -60.2% | $2.22B +19.3% | $1.86B +13.2% | $1.64B +11.3% | $1.48B +15.5% | $1.28B |
| Operating Income | $1.44B -50.3% | $2.90B +13.2% | $2.56B +13.3% | $2.26B +10.6% | $2.04B +14.6% | $1.78B |
| Total Assets | $13.74B +6.1% | $12.95B +8.8% | $11.90B +8.7% | $10.95B +5.2% | $10.41B +14.0% | $9.13B |
| Total Debt | $6.41B +1.5% | $6.31B +16.4% | $5.42B -13.9% | $6.30B +25.1% | $5.03B -8.1% | $5.48B |
| Operating Cash Flow | $2.28B -10.0% | $2.53B +9.0% | $2.32B -0.2% | $2.33B +11.8% | $2.08B +22.5% | $1.70B |
AI Insight: HSY Financial Trends
Q1 2026 net income surged to $435M — the strongest first quarter in the visible dataset — yet operating cash flow decelerated sharply quarter-over-quarter.
• Revenue grew 10.7% year-over-year in Q1 2026 ($3,104M vs. $2,805M in Q1 2025), marking consistent top-line acceleration.
• Operating margin in Q1 2026 reached 20.7% ($641M/$3,104M), up from 13.2% in Q1 2025 — a dramatic year-over-year expansion.
• Net income in Q2 2025 collapsed to $63M on $2,615M revenue — a sharp mid-year profitability trough before partial recovery.
• Total debt remained elevated at $5,862M in Q1 2026, with equity data unavailable, limiting leverage assessment.
⚠ Operating cash flow fell to $469M in Q1 2026 from $927M in Q4 2025, diverging from improved earnings — monitor working capital dynamics.
⚠ Debt rose to $6,529M in Q1 2025 before partially unwinding; Q1 2026 bounce to $5,862M from Q4 2025's $5,403M warrants scrutiny.
⚠ Equity declined from $4,715M in Q4 2024 to $4,637M in Q4 2025 — a modest but continued erosion in book value.
AI Insight: HSY Ratio Trends
Hershey's Q1 2026 operating margin rebounded to 20.6%, but full-year profitability remains well below 2024 peaks as cocoa costs weigh.
• Operating margin collapsed from 32.5% in Q4 2024 to a trough of 7.4% in Q2 2025, reflecting severe input cost pressure.
• Q1 2026 operating margin recovered to 20.6% and ROIC surged to 43.7%, the highest single-quarter reading in the dataset.
• D/E ratio edged up from 1.08 in Q4 2024 to 1.17 in Q4 2025, indicating modestly rising leverage year-over-year.
• TTM net profit margin of 9.1% and ROIC of 29.2% remain below Q3–Q4 2024 highs, reflecting the weak mid-2025 quarters dragging the annual figure.
⚠ Q2 2025 operating margin hit 7.4% — the dataset's low. Whether Q1 2026's rebound sustains into Q2 2026 is the key test.
⚠ ROE dropped sharply from 67.6% in Q4 2024 to 27.6% in Q4 2025 — monitor whether equity returns stabilize or deteriorate further.
⚠ Q1 2026 ROIC of 43.7% is seasonally strong; confirm whether this reflects structural improvement or typical Q1 working-capital timing.
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Top Institutional Holders of HSY
BlackRock, Inc.
$2.7B12,780,486 shVANGUARD CAPITAL MANAGEMENT LLC
$2.0B9,626,691 shSTATE STREET CORP
$1.5B7,320,055 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.5B7,204,428 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$893.7M4,298,750 shGEODE CAPITAL MANAGEMENT, LLC
$869.1M4,195,552 shMORGAN STANLEY
$819.7M3,942,865 shROYAL BANK OF CANADA
$631.2M3,036,456 shFMR LLC
$621.7M2,990,420 shCapital World Investors
$571.7M2,750,000 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $2.7B | 12,780,486 |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.0B | 9,626,691 |
| STATE STREET CORP | $1.5B | 7,320,055 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.5B | 7,204,428 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $893.7M | 4,298,750 |
| GEODE CAPITAL MANAGEMENT, LLC | $869.1M | 4,195,552 |
| MORGAN STANLEY | $819.7M | 3,942,865 |
| ROYAL BANK OF CANADA | $631.2M | 3,036,456 |
| FMR LLC | $621.7M | 2,990,420 |
| Capital World Investors | $571.7M | 2,750,000 |
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Popular Research
Is HSY a good stock to buy?
13F Pro's AI-powered analysis of HERSHEY CO (HSY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Staples sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HSY are available on the HSY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own HSY?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HSY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HERSHEY CO's investment landscape.