Utz Brands, Inc. (NYSE:UTZ) Major Shareholder Series U. Of Um Partners, Llc Sells 397,885 Shares

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series U. Of Um Partners, Llc sold 397,885 shares of Utz Brands stock in a transaction on Monday, May 6th. The stock was sold at an average price of $18.76, for a total transaction of $7,464,322.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Utz Brands Stock Performance

Utz Brands stock opened at $18.98 on Wednesday. The stock has a 50-day simple moving average of $18.02 and a 200 day simple moving average of $16.28. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54. Utz Brands, Inc. has a 12-month low of $11.17 and a 12-month high of $20.04. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -75.92, a P/E/G ratio of 1.32 and a beta of 0.97.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The business had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $346.99 million. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that Utz Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 15th were issued a dividend of $0.059 per share. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, April 12th. Utz Brands’s payout ratio is currently -96.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UTZ shares. Truist Financial lifted their price target on shares of Utz Brands from $13.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Stephens lifted their price target on shares of Utz Brands from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Mizuho lifted their price target on shares of Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Needham & Company LLC lifted their price objective on Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, DA Davidson initiated coverage on Utz Brands in a report on Friday, March 1st. They set a “neutral” rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Utz Brands has an average rating of “Moderate Buy” and a consensus target price of $20.42.

Institutional Trading of Utz Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pathstone Family Office LLC raised its holdings in Utz Brands by 0.3% during the 3rd quarter. Pathstone Family Office LLC now owns 300,466 shares of the company’s stock worth $4,035,000 after purchasing an additional 888 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Utz Brands by 11.6% during the 4th quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock worth $161,000 after buying an additional 1,033 shares during the period. First Bank & Trust grew its position in shares of Utz Brands by 8.7% during the 4th quarter. First Bank & Trust now owns 13,536 shares of the company’s stock worth $220,000 after buying an additional 1,083 shares during the period. Personal CFO Solutions LLC grew its position in shares of Utz Brands by 6.7% during the 3rd quarter. Personal CFO Solutions LLC now owns 18,908 shares of the company’s stock worth $254,000 after buying an additional 1,187 shares during the period. Finally, Swiss National Bank grew its position in shares of Utz Brands by 1.1% during the 3rd quarter. Swiss National Bank now owns 151,500 shares of the company’s stock worth $2,035,000 after buying an additional 1,600 shares during the period. 95.97% of the stock is owned by institutional investors.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.