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Hershey Company (The) $HSY Shares Sold by Teacher Retirement System of Texas
The Teacher Retirement System of Texas reduced its stake in The Hershey Company (HSY) by 27.3% in the fourth quarter, selling 9,863 shares and now holding 26,299 shares valued at approximately $4.79 million. Despite this, Hershey reported strong quarterly earnings, beating estimates with $1.71 EPS and $3.09 billion in revenue, and raised its quarterly dividend to $1.452. Insider selling totaling about 10,000 shares in the last three months, coupled with mixed analyst sentiment, suggests ongoing evaluation of the stock.