Utz Brands, Inc. (NYSE:UTZ) Shares Purchased by Swiss National Bank

Swiss National Bank increased its stake in shares of Utz Brands, Inc. (NYSE:UTZ – Get Rating) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,100 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Swiss National Bank owned about 0.11% of Utz Brands worth $2,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Utz Brands by 236.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,309 shares of the company’s stock worth $95,000 after acquiring an additional 4,432 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Utz Brands in the third quarter valued at $111,000. Captrust Financial Advisors increased its stake in Utz Brands by 10.9% in the second quarter. Captrust Financial Advisors now owns 9,146 shares of the company’s stock valued at $126,000 after purchasing an additional 899 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Utz Brands during the third quarter worth about $146,000. Finally, Verition Fund Management LLC acquired a new position in shares of Utz Brands during the first quarter worth about $149,000. 46.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UTZ shares. The Goldman Sachs Group boosted their price target on shares of Utz Brands from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, March 3rd. Credit Suisse Group reissued a “neutral” rating and set a $19.00 price objective on shares of Utz Brands in a report on Thursday, March 30th.

Insider Transactions at Utz Brands

In related news, Director Roger K. Deromedi sold 2,887 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $19.01, for a total transaction of $54,881.87. Following the sale, the director now owns 3,372,094 shares of the company’s stock, valued at $64,103,506.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Roger K. Deromedi sold 2,887 shares of Utz Brands stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $19.01, for a total transaction of $54,881.87. Following the completion of the sale, the director now directly owns 3,372,094 shares in the company, valued at $64,103,506.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Chinh Chu sold 1,500,000 shares of Utz Brands stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $16.66, for a total transaction of $24,990,000.00. Following the sale, the insider now owns 3,648,380 shares of the company’s stock, valued at $60,782,010.80. The disclosure for this sale can be found here. Insiders sold a total of 1,509,197 shares of company stock valued at $25,164,835 over the last three months. 16.84% of the stock is currently owned by insiders.

Utz Brands Stock Up 0.5 %

UTZ stock opened at $16.90 on Thursday. The company has a market cap of $2.37 billion, a P/E ratio of 169.00, a P/E/G ratio of 2.96 and a beta of 0.82. Utz Brands, Inc. has a 52 week low of $12.18 and a 52 week high of $19.98. The company’s 50-day moving average price is $17.44 and its 200 day moving average price is $17.09. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.65.

Utz Brands (NYSE:UTZ – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Utz Brands had a net margin of 0.57% and a return on equity of 5.71%. The firm had revenue of $354.70 million for the quarter, compared to the consensus estimate of $336.71 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, research analysts expect that Utz Brands, Inc. will post 0.54 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 4th. Investors of record on Monday, April 17th were paid a $0.057 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, April 14th. Utz Brands’s payout ratio is currently 230.00%.

Utz Brands Profile

(Get Rating)

UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese, veggie, other snacks and pork skins. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian. The company was founded in 1921 and is headquartered in Hanover, PA.