Copeland Capital Management LLC Purchases 318,763 Shares of Utz Brands, Inc. $UTZ

Copeland Capital Management LLC boosted its position in Utz Brands, Inc. (NYSE:UTZ) by 10.2% during the 4th quarter, Holdings Channel reports. The fund owned 3,449,862 shares of the company’s stock after buying an additional 318,763 shares during the period. Copeland Capital Management LLC’s holdings in Utz Brands were worth $35,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UTZ. Royal Bank of Canada boosted its holdings in Utz Brands by 39.7% in the first quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock worth $3,504,000 after acquiring an additional 70,739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Utz Brands by 5.9% in 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. boosted 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 acquiring an additional 585,952 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 worth $2,760,000 after acquiring an additional 52,285 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Utz Brands by 10.0% in the second quarter. Legal & General Group Plc now owns 77,578 shares of the company’s stock worth $974,000 after acquiring an additional 7,073 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UTZ. BTIG Research began coverage on Utz Brands in a report on Monday, April 13th. They issued a “buy” rating and a $10.00 target price on the stock. DA Davidson set a $15.00 target price on Utz Brands in a report on Wednesday, January 14th. Barclays dropped their target price on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. TD Cowen dropped their target price on Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.06.

Utz Brands Stock Down 0.5%

UTZ stock opened at $7.56 on Friday. Utz Brands, Inc. has a twelve month low of $7.11 and a twelve month high of $14.67. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $8.12 and its 200-day moving average is $9.72. The firm has a market capitalization of $1.09 billion, a PE ratio of 757.06, a P/E/G ratio of 2.80 and a beta of 0.98.

Utz Brands (NYSE:UTZ) last posted its earnings results on Thursday, February 12th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.The company had revenue of $342.20 million for the quarter, compared to analyst estimates of $346.99 million. During the same quarter last year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Sell-side analysts expect that Utz Brands, Inc. will post 0.77 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Monday, April 13th were issued a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, April 13th. Utz Brands’s dividend payout ratio (DPR) is 2,500.00%.

Utz Brands Company 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.