Swiss National Bank Buys 2,100 Shares of Utz Brands, Inc. (NYSE:UTZ)

Swiss National Bank lifted its stake in Utz Brands, Inc. (NYSE:UTZ) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,000 shares of the company’s stock after buying an additional 2,100 shares during the quarter. Swiss National Bank’s holdings in Utz Brands were worth $2,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Utz Brands during the 3rd quarter worth approximately $301,000. Charles Schwab Investment Management Inc. increased its stake in shares of Utz Brands by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 571,161 shares of the company’s stock worth $10,110,000 after purchasing an additional 28,484 shares in the last quarter. NFJ Investment Group LLC purchased a new position in shares of Utz Brands during the 3rd quarter valued at $1,651,000. Stifel Financial Corp boosted its holdings in Utz Brands by 6.3% in the 3rd quarter. Stifel Financial Corp now owns 196,251 shares of the company’s stock worth $3,474,000 after buying an additional 11,641 shares during the period. Finally, State Street Corp increased its stake in Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock worth $31,256,000 after buying an additional 152,868 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Utz Brands Price Performance

UTZ stock opened at $14.12 on Friday. Utz Brands, Inc. has a 52 week low of $12.71 and a 52 week high of $20.04. The firm has a market capitalization of $2.00 billion, a P/E ratio of 78.47, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The company has a fifty day simple moving average of $13.66 and a two-hundred day simple moving average of $15.65. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The firm had revenue of $341.05 million during the quarter, compared to the consensus estimate of $349.93 million. During the same quarter last year, the firm earned $0.16 EPS. Analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Monday, April 7th will be given a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. Utz Brands’s dividend payout ratio is currently 133.33%.

Insider Activity at Utz Brands

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Howard A. Friedman purchased 3,525 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $14.16 per share, with a total value of $49,914.00. Following the completion of the purchase, the chief executive officer now directly owns 265,729 shares in the company, valued at $3,762,722.64. The trade was a 1.34 % increase in their position. The disclosure for this purchase can be found here. 17.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson lowered their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Mizuho decreased their target price on Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. TD Cowen dropped their price target on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays reduced their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler cut their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.25.

About Utz Brands

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.