Milton Hershey School Trust reduced its stake in Hershey, selling shares at an average price of $172.53 amid modest stock performance.
Milton Hershey School Trust sold 30,000 shares of The Hershey Company (NYSE:HSY) on July 13 and 14, 2026, for a total of $5.2 million. The transactions occurred at a weighted average price of $172.53 per share, with prices ranging from $169.44 to $177.64.
The trust retains significant ownership, holding approximately 1.3 million common shares and 54.6 million Class B shares, convertible to common stock at any time. Hershey’s stock has delivered a 5% total return over the past year, reflecting subdued performance ahead of the sale.
The trust, which wholly owns Hershey Trust Company, manages the school’s endowment and remains a major shareholder in the confectioner. The sale follows standard insider transaction reporting requirements.