Series Of Um Partners, Llc Acquires 15,000 Shares of Utz Brands (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series Of Um Partners, Llc acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $10.48 per share, with a total value of $157,200.00. Following the completion of the acquisition, the insider owned 615,000 shares of the company’s stock, valued at $6,445,200. This represents a 2.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Utz Brands Stock Down 2.8%

Shares of NYSE:UTZ traded down $0.29 during midday trading on Tuesday, hitting $10.11. 2,411,731 shares of the stock were exchanged, compared to its average volume of 1,141,680. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.22. Utz Brands, Inc. has a 52-week low of $10.06 and a 52-week high of $18.29. The business’s fifty day simple moving average is $12.50 and its two-hundred day simple moving average is $12.94. The company has a market capitalization of $1.43 billion, a PE ratio of 144.47, a P/E/G ratio of 1.41 and a beta of 1.00.

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

Utz Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th were issued a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 15th. Utz Brands’s dividend payout ratio (DPR) is 342.86%.

Wall Street Analyst Weigh In

Several research firms have weighed in on UTZ. Mizuho set a $16.00 target price on Utz Brands in a report on Monday. Barclays restated an “overweight” rating and set a $14.00 target price on shares of Utz Brands in a report on Friday. TD Cowen dropped their price objective on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Utz Brands in a research note on Wednesday, October 8th. Finally, UBS Group dropped their price objective on Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Friday. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.64.

Hedge Funds Weigh In On Utz Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Utz Brands by 7.2% during the first quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock valued at $104,753,000 after acquiring an additional 501,374 shares during the period. Ameriprise Financial Inc. increased its stake in Utz Brands by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock valued at $76,370,000 after acquiring an additional 413,493 shares during the period. Copeland Capital Management LLC increased its stake in Utz Brands by 10.8% during the third quarter. Copeland Capital Management LLC now owns 3,131,099 shares of the company’s stock valued at $38,043,000 after acquiring an additional 304,163 shares during the period. Balyasny Asset Management L.P. increased its stake in Utz Brands by 42.3% during the second 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 during the period. Finally, Goldman Sachs Group Inc. increased its stake in Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after acquiring an additional 585,952 shares during the period. 95.97% of the stock is currently owned by institutional investors.

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.