Reported 5 months ago
In a segment on Good Buy or Goodbye?, Mizuho Securities Managing Director and Senior Consumer Equity Research Analyst John Baumgartner discusses food stocks for investors' portfolios. Baumgartner recommends Utz Brands (UTZ) as a "good buy" due to consumer preference for salty snacks, market share growth, and profit increases from restructuring. He points out that Utz is investing in AI analytics for margin expansion. On the other hand, Beyond Meat (BYND) is flagged as a stock to avoid due to demand weakness, competition from Impossible Foods, and potential equity dilution.
Source: YAHOO