1 week Ago By Defense World Staff
Legal & General Group Plc decreased its stake in Utz Brands, Inc. ( NYSE:UTZ – Free Report ) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm owned 67,328 shares of the company’s stock after selling 4,163 shares during the quarter. Legal & General Group Plc’s holdings in Utz Brands were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors have also modified their holdings of the company.
PARK CIRCLE Co acquired a new position in Utz Brands in the fourth quarter worth approximately $591,000. Envestnet Asset Management Inc. grew its position in Utz Brands by 3.
7% in the fourth quarter. Envestnet Asset Management Inc. now owns 667,051 shares of the company’s stock worth $10,446,000 after acquiring an additional 23,776 shares in the last quarter.
Wells Fargo & Company MN grew its position in Utz Brands by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 152,620 shares of the company’s stock worth $2,390,000 after acquiring an additional 20,164 shares in the last quarter.
ExodusPoint Capital Management LP grew its position in Utz Brands by 118.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 24,055 shares of the company’s stock worth $377,000 after acquiring an additional 13,019 shares in the last quarter.
Finally, Geode Capital Management LLC grew its position in Utz Brands by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,561,986 shares of the company’s stock worth $24,467,000 after acquiring an additional 13,755 shares in the last quarter.
Institutional investors and hedge funds own 95.97% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have commented on UTZ.
Barclays decreased their target price on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 17th.
Mizuho decreased their target price on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, February 10th.
DA Davidson raised shares of Utz Brands from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday. UBS Group initiated coverage on shares of Utz Brands in a report on Wednesday, April 23rd.
They set a “neutral” rating and a $15.00 price objective for the company. Finally, TD Cowen downgraded shares of Utz Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.
00 to $15.00 in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock.
According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.56. Insider Transactions at Utz Brands In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction that occurred on Thursday, March 6th.
The stock was sold at an average price of $13.40, for a total value of $6,646,909.20.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Howard A. Friedman bought 3,525 shares of the company’s stock in a transaction dated Monday, February 24th.
The stock was bought at an average cost of $14.16 per share, with a total value of $49,914.00.
Following the completion of the acquisition, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. This represents a 1.
34 % increase in their position. The disclosure for this purchase can be found here . 16.
32% of the stock is currently owned by insiders. Utz Brands Trading Down 2.6 % Utz Brands stock opened at $13.
36 on Monday. The business has a 50 day moving average price of $13.65 and a two-hundred day moving average price of $14.
99. The company has a quick ratio of 0.85, a current ratio of 1.
21 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.
89 billion, a price-to-earnings ratio of 74.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.
10. Utz Brands, Inc. has a 12 month low of $12.
15 and a 12 month high of $20.04. Utz Brands ( NYSE:UTZ – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th.
The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.
03. The firm had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $349.
93 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.
13%. During the same quarter in the prior year, the firm posted $0.16 EPS.
As a group, equities analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current year.
Utz Brands Cuts Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Monday, April 7th were issued a $0.011 dividend.
The ex-dividend date was Monday, April 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.
33%. Utz Brands’s payout ratio is presently 133.33%.
Utz Brands Company Profile ( Free Report ) 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. See Also Five stocks we like better than Utz Brands Unveiling The Power Of VWAP: A Key Indicator For Traders Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors What is a Microcap Stock? Everything You Need to Know Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding UTZ? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Utz Brands, Inc. ( NYSE:UTZ – Free Report ). Receive News & Ratings for Utz Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utz Brands and related companies with MarketBeat.
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