Hershey Trust Sells 20,000 Shares for $3.4 Million
Milton Hershey School Trust maintains substantial voting power through 54.6 million convertible Class B shares despite the modest equity reduction.
The Hershey Trust, a trustee for Milton Hershey School, recently sold 20,000 shares of common stock in The Hershey Company. The shares were sold at an average price of $169.08 per share, according to a recent SEC Form 4 filing. The total transaction value amounted to $3.4 million. Post-transaction, the value of the shares increased slightly to $169.79 per share as of the market close on September 18, 2026.
The Hershey Company is a leading global manufacturer of confectionery and snacking products, boasting a market capitalization of $33.7 billion and trailing twelve months revenues of $12.2 billion. The company operates across multiple consumer segments and geographic markets, backed by strong brand recognition and a robust distribution infrastructure.
With a workforce of 18,573 employees worldwide, Hershey utilizes its operational scale and brand equity to maintain a competitive edge in the consumer defensive sector.
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