US confectionery giant Hershey Foods has said it wants to change its name to The Hershey Co and double its shares as part of a corporate overhaul.

According to the Associated Press, the company said in a regulatory filing that it was also mulling a change to the Hershey logo. All the moves would require shareholder approval.

Hershey said in its filing that the new name is “on trend with today’s marketplace, is easily identifiable and will provide flexibility should the company choose to expand into other market segments”.