Utz Brands, Inc. $UTZ Shares Sold by UBS Group AG

UBS Group AG lowered its stake in Utz Brands, Inc. (NYSE:UTZ) by 45.2% during the fourth quarter, HoldingsChannel reports. The firm owned 933,199 shares of the company’s stock after selling 769,442 shares during the quarter. UBS Group AG’s holdings in Utz Brands were worth $9,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Utz Brands by 560.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 112,811 shares of the company’s stock valued at $1,371,000 after purchasing an additional 95,733 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Utz Brands by 42.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 327,853 shares of the company’s stock valued at $3,983,000 after purchasing an additional 97,271 shares during the period. Savoir Faire Capital Management L.P. acquired a new position in shares of Utz Brands in the third quarter valued at approximately $3,274,000. Copeland Capital Management LLC increased its holdings in shares of Utz Brands by 10.2% in the fourth quarter. Copeland Capital Management LLC now owns 3,449,862 shares of the company’s stock valued at $35,810,000 after purchasing an additional 318,763 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of Utz Brands by 13.3% in the third quarter. First Eagle Investment Management LLC now owns 725,530 shares of the company’s stock valued at $8,815,000 after buying an additional 85,000 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Down 0.6%

Shares of NYSE:UTZ opened at $7.05 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a 52-week low of $6.92 and a 52-week high of $14.67. The stock’s fifty day simple moving average is $7.66 and its 200-day simple moving average is $9.25. The company has a market capitalization of $1.01 billion, a P/E ratio of -70.44, a P/E/G ratio of 2.57 and a beta of 0.87.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The business had revenue of $361.30 million for the quarter, compared to the consensus estimate of $361.77 million. During the same period in the prior year, the business earned $0.16 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, equities research analysts forecast that Utz Brands, Inc. will post 0.78 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th were given a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, April 13th. Utz Brands’s dividend payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UTZ shares. Barclays dropped their price objective on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada set a $15.00 price objective on Utz Brands in a report on Thursday, April 9th. UBS Group dropped their price objective on Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Mizuho set a $14.00 price objective on Utz Brands in a report on Monday, February 23rd. Finally, Zacks Research raised Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Utz Brands currently has an average rating of “Hold” and a consensus price target of $12.06.

Utz Brands Company Profile

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.