Want to Build Wealth? Buy This Blue Chip Dividend Stock
Picking companies with brands that are household names around the world tends to work out well for investors over the long run. That is because legendary brands often come with a great deal of pricing power, which can boost net sales and profits over time.
The Hershey Company (NYSE: HSY) is a consumer staple whose name has long been well-recognized among consumers. How popular is it? A $10,000 investment made in the company 10 years ago would now be worth around $38,000 with dividends reinvested. That is significantly more than the $30,000 that the same investment amount in the S 500 index would have become during that time as of several weeks ago.
Let's dive into three reasons Hershey's stock could continue to outperform the broader market in the years ahead.
Source Fool.com
Hershey Co. Stock
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 225 € there is a positive potential of 26.45% for Hershey Co. compared to the current price of 177.94 €.
