5 Oversold Large Cap Stocks to Buy

2. The Hershey Company (NYSE:HSY)

14-day RSI as of July 31: 27.88

Number of Hedge Fund Holders: 44

The Hershey Company (NYSE:HSY) is a global confectionery company with product offerings including chocolate and non-chocolate confectionery products; gum and mint refreshment products and protein bars; snack items such as popcorn, pretzels, spreads, snack bites and mixes; and pantry items, such as baking ingredients, toppings, and beverages.

The Hershey Company (NYSE:HSY) sells its products under more than 100 brand names in nearly 80 countries worldwide. Some of its well-known brands include Hershey’s, Reese’s, Kisses, Cadbury, Good & Plenty, Heath, Kit Kat, Twizzlers, Whoppers and York, among others.

On July 27, the Board of Directors of The Hershey Company (NYSE:HSY) announced a quarterly cash dividend of $1.192 for the common shares of the company which represents an increase of 15% from its previous dividend amount. This marks the 374th consecutive regular dividend on the Common Stock of the company.

As of Q1 2023, 44 prominent hedge funds tracked by Insider Monkey held shares of The Hershey Company (NYSE:HSY), with a total value of $1.9 billion. Jim Simons’ Renaissance Technologies was its largest hedge fund shareholder with ownership of 2.3 million shares valued at $586 million.