SCHEDULE: Vanguard Group Reports Zero Hershey Co Ownership

The Vanguard Group has filed an amended Schedule 13G, reporting 0% beneficial ownership in Hershey Co/The following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 12 to its Schedule 13G for Hershey Co/The.
• The filing indicates that The Vanguard Group now beneficially owns 0 shares, representing 0% of the class of Common Stock of Hershey Co/The.
• This change is due to an internal realignment at The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538 (January 12, 1998).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, procedural filing reflecting an internal organizational change at Vanguard rather than a change in investment thesis or a direct positive/negative signal for Hershey Co.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Hershey Co's financial performance or strategic outlook.

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment."
• "In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release."
• "Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions."

Industry Context

StockSavvy.ai notes that this filing reflects a common practice among large institutional investors like Vanguard to adjust their reporting structure, particularly after internal reorganizations, to comply with SEC guidelines on beneficial ownership. This is a procedural update rather than an investment decision change.

Stakeholder Impact

• Shareholders of Hershey Co will see a change in how Vanguard's overall beneficial ownership is reported, with individual subsidiaries now reporting separately. This does not necessarily indicate a change in the total shares held by Vanguard's various funds, but rather a change in the reporting entity for those shares.

Key Dates

Keywords

Vanguard Group, Hershey Co, Schedule 13G, Beneficial Ownership, SEC Filing, Investment Adviser, Institutional Ownership, Corporate Realignment