Barclays PLC Increases Holdings in Utz Brands, Inc. (NYSE:UTZ)

Barclays PLC lifted its position in shares of Utz Brands, Inc. (NYSE:UTZFree Report) by 30.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,124 shares of the company’s stock after purchasing an additional 85,953 shares during the quarter. Barclays PLC owned about 0.26% of Utz Brands worth $4,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in UTZ. Principal Financial Group Inc. boosted its position in shares of Utz Brands by 7.7% during the first quarter. Principal Financial Group Inc. now owns 10,808 shares of the company’s stock valued at $160,000 after purchasing an additional 769 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Utz Brands by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 342,939 shares of the company’s stock worth $5,069,000 after acquiring an additional 28,011 shares in the last quarter. AlphaCrest Capital Management LLC boosted its holdings in Utz Brands by 11.5% in the first quarter. AlphaCrest Capital Management LLC now owns 26,660 shares of the company’s stock worth $394,000 after acquiring an additional 2,739 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Utz Brands by 58.5% in the first quarter. MetLife Investment Management LLC now owns 36,012 shares of the company’s stock worth $532,000 after acquiring an additional 13,291 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Utz Brands by 9.4% in the first quarter. Rhumbline Advisers now owns 58,172 shares of the company’s stock worth $860,000 after acquiring an additional 5,014 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on UTZ. Needham & Company LLC began coverage on Utz Brands in a report on Wednesday, January 3rd. They issued a “buy” rating and a $20.00 target price on the stock. Piper Sandler boosted their target price on Utz Brands from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, December 18th. The Goldman Sachs Group dropped their target price on Utz Brands from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Stephens raised Utz Brands from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $18.00 to $16.00 in a report on Monday, October 23rd. Finally, Mizuho began coverage on Utz Brands in a report on Wednesday, December 20th. They set a “buy” rating and a $19.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.92.

Read Our Latest Stock Analysis on Utz Brands

Utz Brands Stock Up 1.4 %

Utz Brands stock opened at $18.43 on Friday. The stock has a market cap of $2.59 billion, a PE ratio of 87.76, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.58. Utz Brands, Inc. has a one year low of $11.17 and a one year high of $19.10. The stock has a fifty day moving average of $16.20 and a 200 day moving average of $14.68.

Utz Brands (NYSE:UTZGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $371.90 million during the quarter, compared to analysts’ expectations of $370.80 million. Utz Brands had a return on equity of 5.92% and a net margin of 1.22%. Utz Brands’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, sell-side analysts predict that Utz Brands, Inc. will post 0.57 EPS for the current year.

Utz Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Monday, December 18th were given a dividend of $0.057 per share. This represents a $0.23 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, December 15th. Utz Brands’s dividend payout ratio (DPR) is presently 104.76%.

Utz Brands Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Utz Brands (NYSE:UTZ)

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