Utz Brands, Inc. to Issue Quarterly Dividend of $0.06 (NYSE:UTZ)

Utz Brands, Inc. (NYSE:UTZ) declared a quarterly dividend on Thursday, June 11th. Investors of record on Monday, June 22nd will be given a dividend of 0.063 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 22nd.

Utz Brands has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 3 years. Utz Brands has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Utz Brands to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 30.1%.

Utz Brands Stock Up 0.4%

UTZ opened at $7.12 on Friday. The stock has a market cap of $1.02 billion, a PE ratio of -71.14, a P/E/G ratio of 2.59 and a beta of 0.83. 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 has a 52 week low of $6.78 and a 52 week high of $14.67. The business’s fifty day simple moving average is $7.51 and its 200 day simple moving average is $8.82.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $361.30 million for the quarter, compared to analysts’ expectations of $361.77 million. During the same period last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, research analysts expect that Utz Brands will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Utz Brands

Several large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Utz Brands by 26.7% in the first quarter. Bank of America Corp DE now owns 796,586 shares of the company’s stock worth $6,309,000 after purchasing an additional 167,958 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Utz Brands by 61.4% in the first quarter. Royal Bank of Canada now owns 937,060 shares of the company’s stock worth $7,421,000 after purchasing an additional 356,428 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Utz Brands by 140.9% in the first quarter. Quantinno Capital Management LP now owns 291,034 shares of the company’s stock worth $2,305,000 after purchasing an additional 170,211 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Utz Brands by 127.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 106,420 shares of the company’s stock worth $843,000 after purchasing an additional 59,623 shares during the last quarter. Finally, Caxton Associates LLP grew its stake in shares of Utz Brands by 30.5% in the first quarter. Caxton Associates LLP now owns 29,880 shares of the company’s stock worth $237,000 after purchasing an additional 6,986 shares during the last quarter. 95.97% of the stock is owned by institutional investors.

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.