Universal Beteiligungs und Servicegesellschaft mbH Has $1.37 Million Stake in Utz Brands, Inc. $UTZ

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 560.6% during the third quarter, HoldingsChannel.com reports. The fund owned 112,811 shares of the company’s stock after buying an additional 95,733 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Utz Brands were worth $1,371,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Balyasny Asset Management L.P. lifted its stake in shares of Utz Brands by 42.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock valued at $36,979,000 after purchasing an additional 875,847 shares during the period. Tributary Capital Management LLC grew its stake in Utz Brands by 93.2% during the third quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock worth $20,521,000 after purchasing an additional 814,555 shares during the period. Goldman Sachs Group Inc. increased its holdings 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 worth $28,480,000 after purchasing an additional 585,952 shares in the last quarter. Jennison Associates LLC lifted its stake in Utz Brands by 31.8% in the second quarter. Jennison Associates LLC now owns 2,004,665 shares of the company’s stock valued at $25,159,000 after buying an additional 483,906 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Utz Brands by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock worth $76,370,000 after buying an additional 413,493 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Utz Brands

In other news, Director Dylan Lissette acquired 31,750 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $10.58 per share, with a total value of $335,915.00. Following the acquisition, the director directly owned 145,783 shares of the company’s stock, valued at $1,542,384.14. The trade was a 27.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Series R. Of Um Partners, Llc bought 15,000 shares of Utz Brands stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of $10.48 per share, with a total value of $157,200.00. Following the purchase, the insider owned 615,000 shares in the company, valued at approximately $6,445,200. This represents a 2.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 92,313 shares of company stock valued at $947,055 over the last 90 days. Insiders own 16.32% of the company’s stock.

Utz Brands Trading Up 2.4%

UTZ opened at $10.56 on Friday. Utz Brands, Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $14.67. The firm has a market capitalization of $1.51 billion, a PE ratio of 150.86, a P/E/G ratio of 1.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. The company’s 50-day moving average is $10.11 and its 200 day moving average is $11.63.

Utz Brands (NYSE:UTZ) last released its quarterly 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 business had revenue of $377.80 million during the quarter, compared to the consensus estimate of $374.25 million. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. As a group, research analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 2.4%. Utz Brands’s payout ratio is presently 357.14%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UTZ shares. Mizuho set a $16.00 price objective on shares of Utz Brands in a research report on Monday, November 3rd. Bank of America reduced their price target on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. UBS Group dropped their price objective on shares of Utz Brands from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Barclays reissued an “overweight” rating and set a $14.00 price objective on shares of Utz Brands in a research report on Friday, October 31st. Finally, TD Cowen decreased their target price on Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.38.

Utz Brands 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.