Utz Brands, Inc. (NYSE:UTZ – Get Free Report) declared a quarterly dividend on Thursday, September 7th, Wall Street Journal reports. Shareholders of record on Monday, September 18th will be paid a dividend of 0.057 per share on Thursday, October 5th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, September 15th.
Utz Brands has a payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Utz Brands to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 35.9%.
Utz Brands Stock Down 2.7 %
Shares of NYSE:UTZ opened at $14.11 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.24 and a debt-to-equity ratio of 0.68. Utz Brands has a 12-month low of $13.85 and a 12-month high of $19.15. The stock’s 50-day moving average price is $15.84 and its two-hundred day moving average price is $16.61. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 1,410.50, a PEG ratio of 2.31 and a beta of 0.81.
Institutional Trading of Utz Brands
Several large investors have recently modified their holdings of the business. Legal & General Group Plc increased its holdings in Utz Brands by 2.6% during the 4th quarter. Legal & General Group Plc now owns 25,214 shares of the company’s stock worth $400,000 after purchasing an additional 638 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Utz Brands by 7.7% in the first quarter. Principal Financial Group Inc. now owns 10,808 shares of the company’s stock valued at $160,000 after acquiring an additional 769 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Utz Brands by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,950 shares of the company’s stock valued at $97,000 after acquiring an additional 877 shares during the last quarter. HighTower Advisors LLC grew its holdings in Utz Brands by 5.1% during the 1st quarter. HighTower Advisors LLC now owns 17,984 shares of the company’s stock worth $295,000 after acquiring an additional 877 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Utz Brands by 10.9% in the 2nd quarter. Captrust Financial Advisors now owns 9,146 shares of the company’s stock worth $126,000 after purchasing an additional 899 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.
Utz Brands Company Profile
Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, veggies, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGI Fridays, TORTIYAHS!, and other brand names.
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