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In a recent transaction, CC Collier Holdings, LLC, a significant shareholder in Utz Brands, Inc. (NYSE:UTZ), has sold a substantial amount of company stock. The transactions, which took place on March 13 and March 14, resulted in the sale of a total of 337,938 shares of Utz Brands’ common stock, netting a total of $6,080,698 for the selling entity.
The shares were sold at weighted average prices, with the March 13 sale of 92,226 shares averaging at $17.80 per share and the March 14 sale of 244,712 shares averaging at $18.14 per share. The prices for the shares sold on March 13 ranged from $17.55 to $18.32, while the prices on March 14 ranged from $17.89 to $18.44.
Following these transactions, CC Collier Holdings, LLC holds 3,311,442 shares of Utz Brands’ common stock. It is worth noting that Chinh E. Chu, who has voting and dispositive power over the securities held by CC Collier Holdings, has separately reported his beneficial ownership over the securities included in these transactions.
The sale was disclosed in a filing with the Securities and Exchange Commission, which provides transparency into the trading activities of company insiders. Investors often monitor such sales as they may provide insights into insiders’ perspectives on the company’s current valuation and future prospects.
Utz Brands, Inc., headquartered in Hanover, Pennsylvania, is known for its portfolio of snack brands, including potato chips, pretzels, and other snack foods. The company has been a staple in the snack food industry and continues to grow its presence in markets nationwide.
InvestingPro Insights
Following the recent insider transactions at Utz Brands, Inc. (NYSE:UTZ), investors are keen to understand the company’s financial health and future outlook. According to InvestingPro data, Utz Brands has a market capitalization of $2.58 billion, indicating a considerable size within the snack food industry. Despite this, the company’s P/E ratio stands at a negative 58.73, reflecting investors’ concerns over profitability, which aligns with the fact that Utz was not profitable over the last twelve months as of Q4 2023.
However, an InvestingPro Tip highlights that Utz has raised its dividend for 4 consecutive years, with a current dividend yield of 1.25%, suggesting a commitment to returning value to shareholders. Additionally, the company’s liquid assets exceed short-term obligations, which could provide some reassurance about its ability to meet immediate financial liabilities.
From a growth perspective, Utz’s revenue saw a slight increase of 2.12% over the last twelve months as of Q4 2023, while gross profit margins stood solid at 31.62%. This financial stability is further reflected in the company’s strong return over the last three months, with a price total return of 24.71%. Analysts predict the company will be profitable this year, which may explain the large price uptick over the last six months, amounting to a 27.65% return.
For investors looking for more in-depth analysis and additional InvestingPro Tips, such as the company’s trading at a high EBIT and EBITDA valuation multiple, Utz Brands’ detailed financial metrics can be explored at Investing.com/pro/UTZ. There are 9 additional tips available on InvestingPro, which could provide further clarity on the company’s valuation and performance. To access these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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