In a recent transaction, Utz Brands, Inc. (NYSE:UTZ) director Lissette Dylan sold 10,003 shares of the company's stock, as reported in a new filing with the Securities and Exchange Commission. The sale totaled approximately $191,207, with the shares being sold at an average price of $19.115. The transactions occurred at prices ranging from $19.01 to $19.31 per share.
Following the sale, Lissette Dylan retains a direct ownership of 118,222 shares in Utz Brands, Inc. This move by a key insider often attracts attention from investors, as it may reflect the director's view on the stock's current valuation or future prospects.
Utz Brands, known for its range of snack foods, including potato chips and pretzels, has a diverse product portfolio and a strong presence in the market. Insider transactions like these can be significant events for both the company and its shareholders, offering insights into how top executives and directors engage with their own holdings.
Investors and market watchers often monitor insider sales and purchases as part of a broader strategy to understand stock performance and company health. The details of such transactions are publicly disclosed to maintain transparency and ensure fair dealings in the marketplace.
The company, headquartered in Hanover, Pennsylvania, continues to operate in the competitive food preparations and kindred products industry, with a focus on manufacturing and delivering quality snack items.
InvestingPro Insights
As Utz Brands, Inc. (NYSE:UTZ) makes headlines with insider trading activity, investors may be searching for additional context to gauge the company's financial health and future prospects. According to recent InvestingPro data, Utz Brands has a market capitalization of $2.67 billion, reflecting its significant presence in the snack food industry. Despite a modest revenue growth of 1.0% over the last twelve months as of Q1 2024, the company has faced a slight quarterly revenue decline of 1.4% in Q1 2024.
InvestingPro Tips highlight several key factors that investors should consider. Utz Brands has been consistent in rewarding shareholders, raising its dividend for four consecutive years, with a current dividend yield of 1.23%. This commitment to returning value to shareholders is a positive signal. Additionally, analysts have revised their earnings upwards for the upcoming period, indicating optimism about the company's earning potential. Moreover, the company's liquid assets exceed short-term obligations, suggesting a stable financial position for meeting immediate liabilities.
Investors looking for deeper analysis and more InvestingPro Tips can find a wealth of information on Utz Brands, including 11 additional tips, by visiting https://www.investing.com/pro/UTZ. For those ready to dive into the full suite of insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. These insights can provide valuable context as investors consider the implications of insider transactions and the overall investment potential of Utz Brands.
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