Series Of Um Partners, Llc Acquires 1,174 Shares of Utz Brands (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series Of Um Partners, Llc purchased 1,174 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of $9.53 per share, for a total transaction of $11,188.22. Following the acquisition, the insider directly owned 616,174 shares in the company, valued at $5,872,138.22. This represents a 0.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Utz Brands Stock Down 3.3%

NYSE:UTZ traded down $0.32 during trading hours on Monday, reaching $9.21. The company’s stock had a trading volume of 1,523,335 shares, compared to its average volume of 1,162,151. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 131.60, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00. Utz Brands, Inc. has a one year low of $9.19 and a one year high of $17.78. The business’s 50-day moving average is $11.58 and its 200-day moving average is $12.66.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $377.80 million during the quarter, compared to analysts’ expectations of $374.25 million. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. Equities research analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th were given a dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a yield of 2.6%. Utz Brands’s dividend payout ratio is presently 342.86%.

Institutional Investors Weigh In On Utz Brands

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Utz Brands by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock worth $104,753,000 after purchasing an additional 501,374 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Utz Brands by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock worth $76,370,000 after buying an additional 413,493 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Utz Brands by 10.8% during the 3rd quarter. Copeland Capital Management LLC now owns 3,131,099 shares of the company’s stock worth $38,043,000 after acquiring an additional 304,163 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Utz Brands by 42.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock valued at $36,979,000 after acquiring an additional 875,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Utz Brands by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,022,847 shares of the company’s stock worth $24,576,000 after acquiring an additional 9,672 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UTZ. Barclays reissued an “overweight” rating and issued a $14.00 price target on shares of Utz Brands in a research report on Friday, October 31st. Piper Sandler dropped their target price on shares of Utz Brands from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho set a $16.00 price target on shares of Utz Brands in a report on Monday, November 3rd. UBS Group lowered their price target on Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, TD Cowen cut their price objective on Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

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.