Stifel Financial Corp Increases Holdings in Utz Brands, Inc. (NYSE:UTZ)

Stifel Financial Corp boosted its position in Utz Brands, Inc. (NYSE:UTZ) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,787 shares of the company’s stock after buying an additional 3,536 shares during the quarter. Stifel Financial Corp owned approximately 0.14% of Utz Brands worth $3,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Utz Brands by 14.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company’s stock valued at $124,079,000 after purchasing an additional 1,025,656 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Utz Brands by 13.5% during the fourth quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company’s stock valued at $81,564,000 after buying an additional 620,196 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Utz Brands by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,400,014 shares of the company’s stock valued at $21,923,000 after buying an additional 116,376 shares during the last quarter. Barclays PLC increased its holdings in shares of Utz Brands by 21.4% in the third quarter. Barclays PLC now owns 555,477 shares of the company’s stock worth $9,831,000 after buying an additional 97,767 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Utz Brands in the 4th quarter valued at about $1,254,000. 95.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UTZ has been the topic of a number of analyst reports. UBS Group decreased their price target on Utz Brands from $15.00 to $13.50 and set a “neutral” rating on the stock in a research note on Friday. Piper Sandler lowered their price target on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada cut their price target on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Mizuho lowered their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, DA Davidson raised Utz Brands from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

Utz Brands Price Performance

Shares of NYSE UTZ opened at $11.91 on Friday. Utz Brands, Inc. has a 1 year low of $11.71 and a 1 year high of $19.95. The stock has a market capitalization of $1.68 billion, a P/E ratio of 66.17, a P/E/G ratio of 0.86 and a beta of 1.10. The company’s 50-day moving average is $13.54 and its 200 day moving average is $14.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $352.08 million during the quarter, compared to analyst estimates of $345.44 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. On average, sell-side analysts expect that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Utz Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Monday, April 7th were issued a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Monday, April 7th. Utz Brands’s dividend payout ratio (DPR) is presently 133.33%.

Insider Transactions at Utz Brands

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Howard A. Friedman acquired 3,525 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $14.16 per share, with a total value of $49,914.00. Following the purchase, the chief executive officer now directly owns 265,729 shares of the company’s stock, valued at $3,762,722.64. The trade was a 1.34 % increase in their position. The disclosure for this purchase can be found here. Insiders own 16.32% of the company’s stock.

Utz Brands Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.