A number of hedge funds and institutional investors have recently been buying and selling shares of The Hershey Company, indicating a significant level of investor interest in the company's potential growth and stability.
Arlington Partners LLC, Zions Bancorporation N.A., ICA Group Wealth Management LLC, Close Asset Management Ltd, and Kepos Capital LP are among the several hedge funds and institutional investors that have engaged in these transactions.
In the first quarter, Arlington Partners LLC acquired a new position in Hershey shares valued at $27,000. Zions Bancorporation N.A. increased its holdings in Hershey by 121.3%, now owning 135 shares valued at $29,000. ICA Group Wealth Management LLC bought a stake in Hershey worth approximately $36,000 in the fourth quarter. Close Asset Management Ltd acquired a new stake valued at around $40,000 in the first quarter. And Kepos Capital LP acquired a new position in Hershey during the fourth quarter valued at approximately $37,000.
In addition to these institutional investment activities, there have also been significant movements in insider trading within Hershey. For example, SVP Jason Reiman sold 150 shares on June 12th, bringing his total holdings to 15,575 shares valued at approximately $3,990,470.75.
Furthermore, major shareholder Hershey Trust Co Trustee In Tr sold an astounding number of 117,174 shares on June 16th for a total value of $30,650,374.92, now holding about 2,138,425 shares, which are worth $559,369,211.50.
With the combined investment activities and insider trading, it is clear that the market has shown significant interest in Hershey's potential growth and stability.