Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Utz Brands, Inc. $UTZ

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Utz Brands, Inc. (NYSE:UTZ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,078 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Utz Brands during the first quarter valued at $32,000. Harbor Investment Advisory LLC lifted its stake in Utz Brands by 37.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock worth $69,000 after acquiring an additional 1,497 shares in the last quarter. SPC Financial Inc. acquired a new stake in Utz Brands during the 2nd quarter worth about $149,000. Ballentine Partners LLC purchased a new position in Utz Brands during the 2nd quarter valued at about $169,000. Finally, US Bancorp DE grew its stake in Utz Brands by 2,462.5% during the 1st quarter. US Bancorp DE now owns 13,171 shares of the company’s stock valued at $185,000 after acquiring an additional 12,657 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Trading Up 1.1%

NYSE:UTZ opened at $9.77 on Friday. The stock’s 50 day moving average price is $11.27 and its 200 day moving average price is $12.55. Utz Brands, Inc. has a 52 week low of $9.19 and a 52 week high of $17.78. The company has a market capitalization of $1.40 billion, a P/E ratio of 139.59, a P/E/G ratio of 1.31 and a beta of 1.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.22.

Utz Brands (NYSE:UTZ) last posted its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $377.80 million during the quarter, compared to analysts’ expectations of $374.25 million. Utz Brands had a net margin of 0.39% and a return on equity of 8.12%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. On average, research analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were issued a dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.5%. Utz Brands’s dividend payout ratio is currently 342.86%.

Insider Buying and Selling

In other Utz Brands news, Director Christina Choi sold 5,703 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.63, for a total transaction of $77,731.89. Following the completion of the sale, the director owned 33,710 shares of the company’s stock, valued at $459,467.30. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dylan Lissette acquired 7,010 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of $9.99 per share, with a total value of $70,029.90. Following the completion of the acquisition, the director owned 160,694 shares in the company, valued at $1,605,333.06. This trade represents a 4.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 92,313 shares of company stock worth $947,055 over the last ninety days. Company insiders own 16.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UTZ. TD Cowen reduced their price target on shares of Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 31st. UBS Group dropped their price objective on shares of Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Barclays reiterated an “overweight” rating and issued a $14.00 target price on shares of Utz Brands in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a research note on Tuesday. Finally, Mizuho set a $16.00 price target on shares of Utz Brands in a report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Utz Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.

Utz Brands Company 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.