Who Owns The Hershey Company?
Updated onExplore the ownership hierarchy of The Hershey Company. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
The Hershey Company
The Hershey Company is a publicly traded American multinational confectionery manufacturer best known for its Hershey's chocolate and other snack brands.
Hershey Trust Company
Hershey Trust Company is a private, Pennsylvania‑chartered trust company that serves as trustee and investment manager for several charitable trusts endowed by Milton S. Hershey, including the Milton Hershey School Trust.
Milton Hershey School
Milton Hershey School is a cost-free, private, coeducational boarding school in Hershey, Pennsylvania, serving pre-K through 12th grade students from income-eligible families across the United States.
Starts at $0 / student / year
The Hershey Company
The Hershey Company is a publicly traded American multinational confectionery manufacturer best known for its Hershey's chocolate and other snack brands.
Hershey Trust Company
Hershey Trust Company is a private, Pennsylvania‑chartered trust company that serves as trustee and investment manager for several charitable trusts endowed by Milton S. Hershey, including the Milton Hershey School Trust.
Milton Hershey School
Milton Hershey School is a cost-free, private, coeducational boarding school in Hershey, Pennsylvania, serving pre-K through 12th grade students from income-eligible families across the United States.
Starts at $0 / student / year
Major Shareholders
The Hershey Company
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Milton Hershey School Trust (Hershey Trust Company, trustee) Controlling charitable trust that funds Milton Hershey School. Through Hershey Trust Company as trustee, it holds roughly 56.7M HSY shares (about 28% of total equity using ~202.8M shares outstanding) and nearly all Class B shares, each carrying 10 votes versus 1 vote for common stock, giving it around 80% of the company’s total voting power. | Other | 28.0% | 80.5% | Jun 2025 |
The Vanguard Group, Inc. Large index and active asset manager; its funds report holding about 18.8M HSY shares, equivalent to roughly 9.3% of total shares outstanding on a combined basis. | Institutional | 9.3% | — | Jun 2025 |
BlackRock, Inc. Global asset manager whose iShares ETFs and other funds collectively own about 12.3M HSY shares, or roughly 6% of total shares outstanding. | Institutional | 6.0% | — | Jun 2025 |
Capital International Investors (Capital Group) Active investment manager within Capital Group; its Capital International Investors division reports holding about 10.7M HSY shares (~5.3% of total shares). | Institutional | 5.3% | — | Jun 2025 |
State Street Corporation Custody bank and asset manager (including SPDR ETFs) holding roughly 7.1M HSY shares, or about 3.5% of total shares outstanding. | Institutional | 3.5% | — | Jun 2025 |
Charles Schwab Investment Management, Inc. Manager of Schwab mutual funds and ETFs; its vehicles own about 5.1M HSY shares, approximately 2.5% of total shares. | Institutional | 2.5% | — | Jun 2025 |
Geode Capital Management, LLC Quantitative asset manager that sub‑advises certain Vanguard index funds; reports holding about 4.6M HSY shares (~2.3% of total shares). | Institutional | 2.3% | — | Jun 2025 |
Morgan Stanley Global financial services firm whose asset‑management arm holds roughly 3.5M HSY shares, or about 1.7% of total shares outstanding, across client portfolios. | Institutional | 1.7% | — | Jun 2025 |
Hershey Trust Company
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Milton Hershey School Trust Hershey Trust Company is described in multiple corporate and business-profile sources as being wholly owned by the Milton Hershey School Trust, a charitable trust that funds the Milton Hershey School. No other shareholders are disclosed. | Institutional | 100.0% | 100.0% | — |
Milton Hershey School
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Milton Hershey School Trust (charitable trust for Milton Hershey School) Milton Hershey School operates as the 501(c)(3) Milton Hershey School & School Trust, which has no private shareholders; its assets are held in the Milton Hershey School Trust, a charitable trust for which Hershey Trust Company serves as trustee, and the school’s deed of trust identifies the school as the sole named beneficiary of that trust, as reflected in public disclosures and the FY 2024 Form 990 filed June 16, 2025. | Other | — | Jun 2025 |
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