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 and snacking manufacturer founded in 1894 and headquartered in Hershey, Pennsylvania.
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 and snacking manufacturer founded in 1894 and headquartered in Hershey, Pennsylvania.
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 |
|---|---|---|---|---|
Hershey Trust Company (as trustee for the Milton Hershey School Trust) Based on approximately 56.7 million HSY shares reported on Nasdaq’s institutional holdings for 6/30/2025 (about 28% of ~203 million shares outstanding). Hershey Trust also holds nearly all Class B shares with 10 votes per share, giving it over 80% of total shareholder voting power per trust and company disclosures. | Institutional | 28.0% | 80.0% | Jun 2025 |
The Vanguard Group, Inc. Holds about 18.84 million HSY shares as of 6/30/2025 per Nasdaq institutional holdings, roughly 9.3% of total shares. | Institutional | 9.3% | — | Jun 2025 |
BlackRock, Inc. Holds about 12.25 million HSY shares (≈6.0% of shares outstanding) as of 6/30/2025 per Nasdaq institutional data. | Institutional | 6.0% | — | Jun 2025 |
Capital International Investors (Capital Group) Owns roughly 10.66 million HSY shares (≈5.3%) based on Nasdaq institutional holdings as of 6/30/2025. | Institutional | 5.3% | — | Jun 2025 |
State Street Corporation Holds about 7.12 million HSY shares (≈3.5%) as of 6/30/2025 per Nasdaq institutional ownership data. | Institutional | 3.5% | — | Jun 2025 |
Charles Schwab Investment Management, Inc. Owns about 5.12 million HSY shares (≈2.5%) as of 6/30/2025 according to Nasdaq institutional filings. | Institutional | 2.5% | — | Jun 2025 |
Geode Capital Management, LLC Holds around 4.57 million HSY shares (≈2.3%) as of 6/30/2025 per Nasdaq institutional data. | Institutional | 2.3% | — | Jun 2025 |
Morgan Stanley Reports ownership of about 3.50 million HSY shares (≈1.7%) as of 6/30/2025 in Nasdaq’s institutional holdings summary. | Institutional | 1.7% | — | Jun 2025 |
JPMorgan Chase & Co. Owns roughly 3.28 million HSY shares (≈1.6%) as of 6/30/2025 based on Nasdaq institutional data. | Institutional | 1.6% | — | Jun 2025 |
Royal Bank of Canada Holds about 3.08 million HSY shares (≈1.5%) as of 6/30/2025 per Nasdaq institutional holdings. | Institutional | 1.5% | — | 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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