Confluence Investment Management LLC Has $127.01 Million Holdings in Hershey Company (The) $HSY

NodeGuardian · 2026-03-22T07:00:53+00:00

Confluence Investment Management reduced its stake in Hershey by 7.6%, now holding $127.01 million in shares. Hershey exceeded earnings expectations and announced a dividend increase, resulting in a yield of approximately 2.8%.

NodeGuardian

2026-03-22 07:00:53

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Confluence Investment Management LLC reduced its stake in The Hershey Company (HSY) by 7.6% in the fourth quarter, now holding 697,914 shares valued at $127.01 million, making it their 10th largest position. Hershey exceeded Q4 earnings expectations with $1.71 EPS against an estimated $1.40 and reported 7% year-over-year revenue growth to $3.09 billion. The company also announced an increase in its quarterly dividend to $1.452, leading to an annualized dividend of $5.81 and a yield of approximately 2.8%, despite a high payout ratio of 133.87%.

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