NEW YORK (TheStreet) --Shares of Hershey (HSY) - Get Hershey Company (HSY) Report were tanking 11.2% to $99.16 on Tuesday afternoon, as Mondelez (MDLZ) ends its pursuit of acquiring the Hershey, PA-based chocolate manufacturer.

In light of the stock's decline today CNBC contributor Pete Najarian, co-founder of Najarian Family and Advisors Office, commented on the reports of the failed acquisition by Mondelez on this afternoon's "Fast Money Halftime Report." 

"They seem too resistant against any kind of an acquisition. When you go back to June 9, we had 10,000 of the July $100 calls that were bought; those went from 75 cents to $17 in value," Najarian explained.

The trade is indicative of people targeting Hershey as a probable acquisition target, and thinking that a legitimate buyer had surfaced. There was, and that company was Mondelez.

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"But, nobody knew the answer that Hershey was going to say see you later," Najarian said.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate HERSHEY CO as a Buy with a ratings score of B. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: HSY

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