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Baypointe Partners LLC Cuts Stake in Hershey Company (The) $HSY
Baypointe Partners LLC significantly reduced its stake in The Hershey Company (HSY) by 74.9% in the fourth quarter, selling over 65,000 shares. Despite this, Hershey continues to be Baypointe’s fourth-largest holding. The company recently exceeded Q1 earnings and revenue estimates, declared a quarterly dividend, and management noted a GLP-1 driven tailwind for mints and gum, though analyst sentiment and recent insider sales indicate mixed market reactions.