Milton Hershey School Trust Sells 30,000 Hershey Shares for $5.2 Million

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โดย Motley Fool·Read original
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The Milton Hershey School Trust sold 30,000 common shares of The Hershey Company for approximately $5.2 million across July 13 and 14, 2026. The sales were executed in multiple tranches at weighted-average prices ranging from $169.44 to $177.64 per share, representing a 2% reduction in the trust's direct common stock holdings. Following the transactions, the trust directly holds 1,226,119 common shares and indirectly holds 39,630 common shares, while maintaining its primary exposure through approximately 54.6 million shares of Class B common stock, which are convertible into common stock on a one-for-one basis. The trust, which wholly owns Hershey Trust Company and serves as trustee for the Milton Hershey School, retains significant voting power and beneficial ownership, and the sales are characterized as routine portfolio management.

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