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Hershey Trust (NYSE: HSY) logs 30,000-share open-market sale but keeps large stake
The Hershey Trust Company, trustee for the Milton Hershey School Trust, recently sold 30,000 shares of Hershey Co. common stock in open-market transactions between March 25-27, at prices ranging from $210 to $217 per share. Despite these sales, the trust maintains a significant stake, directly holding 1,966,119 common shares and 54,612,012 convertible Class B common shares, along with 39,630 indirectly held common shares. This indicates the transactions represent a small fraction of its total ownership in Hershey Co.