Copeland Capital Management LLC Acquires 613,699 Shares of Utz Brands, Inc. $UTZ

Copeland Capital Management LLC lifted its holdings in Utz Brands, Inc. (NYSE:UTZ) by 17.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,063,561 shares of the company’s stock after purchasing an additional 613,699 shares during the quarter. Copeland Capital Management LLC’s holdings in Utz Brands were worth $32,183,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Utz Brands by 39.7% in the first quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock valued at $3,504,000 after buying an additional 70,739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Utz Brands by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock worth $556,000 after acquiring an additional 2,190 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Utz Brands by 40.8% in 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Utz Brands by 36.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company’s stock valued at $2,760,000 after acquiring an additional 52,285 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Utz Brands by 10.0% in the 2nd quarter. Legal & General Group Plc now owns 77,578 shares of the company’s stock valued at $974,000 after acquiring an additional 7,073 shares during the period. 95.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UTZ shares. TD Cowen lowered their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. BTIG Research initiated coverage on Utz Brands in a research report on Monday, April 13th. They set a “buy” rating and a $10.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a research note on Wednesday, June 24th. DA Davidson upgraded Utz Brands to a “strong-buy” rating in a research note on Monday, July 6th. Finally, UBS Group reduced their target price on Utz Brands from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Utz Brands Stock Down 3.3%

Utz Brands stock opened at $7.24 on Friday. The company’s 50-day moving average price is $7.41 and its two-hundred day moving average price is $8.39. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.04 billion, a P/E ratio of -72.34, a P/E/G ratio of 2.73 and a beta of 0.82. Utz Brands, Inc. has a twelve month low of $6.78 and a twelve month high of $14.67.

Utz Brands (NYSE:UTZ) last posted its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $361.30 million for the quarter, compared to the consensus estimate of $361.76 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, analysts expect that Utz Brands, Inc. will post 0.78 EPS for the current year.

Utz Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 22nd were given a dividend of $0.063 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.25 annualized dividend and a yield of 3.5%. Utz Brands’s dividend payout ratio (DPR) is presently -250.00%.

About Utz Brands

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.