Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% higher.

UTZ Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said. Shares of UTZ Brands were up more than 88% pre-bell.

Hasbro (HAS) stock was up more than 3% after the company reported fiscal Q2 adjusted earnings and net revenue that topped analysts' expectations.

Genuine Parts (GPC) posted higher Q2 adjusted earnings and net sales. Shares of Genuine Parts were down more than 6% premarket.