Landscape Capital Management L.L.C. lifted its holdings in Utz Brands, Inc. (NYSE:UTZ – Free Report) by 52.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,443 shares of the company’s stock after acquiring an additional 90,637 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.18% of Utz Brands worth $2,724,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC raised its position in Utz Brands by 8.7% in the 4th quarter. ProShare Advisors LLC now owns 13,457 shares of the company’s stock worth $140,000 after purchasing an additional 1,074 shares during the last quarter. Pathstone Holdings LLC raised its position in Utz Brands by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 140,831 shares of the company’s stock worth $1,711,000 after purchasing an additional 1,075 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Utz Brands by 1.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 109,921 shares of the company’s stock worth $1,380,000 after purchasing an additional 1,137 shares during the last quarter. Osaic Holdings Inc. raised its position in Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock worth $32,000 after purchasing an additional 1,730 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.
Utz Brands Stock Performance
Shares of Utz Brands stock opened at $7.13 on Monday. The firm has a fifty day moving average of $7.49 and a two-hundred day moving average of $8.80. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -71.24, a PEG ratio of 2.60 and a beta of 0.83. Utz Brands, Inc. has a 52 week low of $6.78 and a 52 week high of $14.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.75 and a current ratio of 1.14.
Utz Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 22nd will be given a dividend of $0.063 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.25 annualized dividend and a dividend yield of 3.5%. Utz Brands’s payout ratio is presently -250.00%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on UTZ shares. UBS Group dropped their price objective on shares of Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Barclays dropped their price objective on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. BTIG Research started coverage on shares of Utz Brands in a research report on Monday, April 13th. They issued a “buy” rating and a $10.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a research report on Friday, March 27th. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Utz Brands has an average rating of “Hold” and a consensus target price of $12.06.
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.
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