SEC Form SC 13G filed by The Hershey Company

2/11/22 3:30:37 PM ET

Specialty Foods

Consumer Staples

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SC 13G 1 sec-mhst13g21.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 30)* The Hershey Company (Name of Issuer) Common Stock, one dollar ($1.00) par value (Title of Class of Securities) 427866 10 8 (CUSIP Number) 12/31/2021 (Date of Event, Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) / / Rule 13d-1(c) /X / Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEC 1745 (12-02) CUSIP No. 427866 10 8 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only). Milton Hershey School and School Trust (Hershey Trust Company, Trustee in Trust for Milton Hershey School) FIN 23-1353340 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / / (b) / / 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania NUMBER OF 5. SOLE VOTING POWER SHARES None BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 6. SHARED VOTING POWER 47,170 shares of Common Stock plus 60,612,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock for a total of 60,659,182 7. SOLE DISPOSITIVE POWER None 8. SHARED DISPOSITIVE POWER 47,170 shares of Common Stock plus 60,612,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock for a total of 60,659,182 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 47,170 shares of Common Stock plus 60,612,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock for a total of 60,659,182 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% (47,170 of 145,495,237 outstanding) 29.4% (60,659,182 of 206,109,014 outstanding pursuant to Rule 13d-3(d)(1)) 12. TYPE OF REPORTING PERSON (See Instructions) OO Item 1(a) NAME OF ISSUER: The Hershey Company (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: P.O. Box 810, Hershey, Pennsylvania 17033 Item 2(a) NAME OF PERSON FILING: Hershey Trust Company, Trustee in Trust for Milton Hershey School Trust (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE: 100 Mansion Road East, P.O. Box 445, Hershey, Pennsylvania 17033 (c) CITIZENSHIP: Pennsylvania (d) TITLE OF CLASS OF SECURITIES: Common Stock, one dollar ($1.00) par value (e) CUSIP NUMBER: 427866 10 8 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO sECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable. Item 4. OWNERSHIP: The following information is provided as of December 31, 2021: (a) AMOUNT BENEFICIALLY OWNED: 47,170 shares of Common Stock plus 60,612,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock for a total of 60,659,182 (b) PERCENT OF CLASS: 0.0% (47,170 of 145,495,237 outstanding); 29.4% (60,659,182 of 206,109,014 outstanding pursuant to Rule 13d-3(d)(1)) (c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: None (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 47,170 shares of Common Stock plus 60,612,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock for a total of 60,659,182 (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: None (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 47,170 shares of Common Stock plus 60,612,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock for a total of 60,659,182 Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following / /. Not Applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not Applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON Not Applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable. Item 9. NOTICE OF DISSOLUTION OF GROUP Not Applicable. Item 10. CERTIFICATION BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE NOT ACQUIRED AND ARE NOT HELD FOR THE PURPOSE OF OR WITH THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF THE SECURITIES AND WERE NOT ACQUIRED AND ARE NOT HELD IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING THAT PURPOSE OR EFFECT, OTHER THAN ACTIVITIES SOLELY IN CONNECTION WITH A NOMINATION UNDER SECTION 240.14A-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 9, 2022 HERSHEY TRUST COMPANY, TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL By /s/ Charity Rosenberry, VP of Finance HERSHEY TRUST COMPANY, Trustee

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Date	Price Target	Rating	Analyst
3/24/2025	$183.00	Equal-Weight	Morgan Stanley
2/7/2025	$159.00 → $154.00	Sell → Neutral	Citigroup
1/31/2025	$153.00 → $120.00	Neutral → Underweight	Piper Sandler
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12/12/2024	$180.00	Neutral	BofA Securities
12/12/2024	$175.00 → $160.00	Equal Weight → Underweight	Wells Fargo
10/22/2024	$165.00	Sell	Redburn Atlantic

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SEC Form SC 13G filed by The Hershey Company

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