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In a notable transaction, CC Collier Holdings, LLC, led by Chinh Chu, executed a significant sale of Utz Brands, Inc. (NYSE:UTZ) shares. On March 6, 2025, the firm sold 496,038 shares of Class A common stock at a price of $13.40 per share, amounting to a total value of approximately $6.65 million. Following this transaction, CC Collier Holdings no longer holds any shares in Utz Brands. The sale comes amid a challenging period for UTZ, with the stock down over 21% in the past six months, according to InvestingPro data.
This move comes as part of the company’s ongoing portfolio management strategies. Chinh Chu, who holds voting and dispositive power over the securities of CC Collier, authorized the sale. The transaction underscores the dynamic nature of investment strategies and the continuous rebalancing of asset holdings by institutional investors. With a market capitalization of $1.94 billion and analyst price targets ranging from $16 to $20, InvestingPro subscribers can access detailed financial health metrics and 8 additional ProTips to better understand UTZ’s investment potential. The company maintains a 1.77% dividend yield and has consistently raised its dividend for five consecutive years.
In other recent news, Utz Brands Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.22, exceeding the forecast of $0.20. However, the company’s revenue fell short of projections, coming in at $341 million compared to the anticipated $354.8 million. Despite this revenue miss, Piper Sandler maintained an Overweight rating for Utz Brands, setting a price target of $20.00, indicating confidence in the company’s growth potential, particularly through geographical expansion and increased marketing efforts. RBC Capital Markets also maintained an Outperform rating but adjusted its price target to $20.00 from $23.00, citing challenges in the broader snack category. Meanwhile, DA Davidson took a more cautious stance, reducing its price target for Utz Brands to $16.00 and maintaining a Neutral rating, reflecting concerns about the company’s revenue performance and broader market conditions. Utz Brands is focusing on productivity improvements, with a target of $150 million in savings by 2026, and plans to enhance its supply chain and distribution network. These developments come as Utz Brands navigates a challenging market environment, aiming to capitalize on its core strengths and expansion opportunities.
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