Diversified Trust Co Has $747,000 Stake in Utz Brands, Inc. (NYSE:UTZ)

Diversified Trust Co grew its stake in shares of Utz Brands, Inc. (NYSE:UTZ) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,870 shares of the company’s stock after buying an additional 1,925 shares during the period. Diversified Trust Co’s holdings in Utz Brands were worth $747,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Readystate Asset Management LP acquired a new position in Utz Brands in the 4th quarter valued at approximately $7,302,000. Dimensional Fund Advisors LP raised its stake in shares of Utz Brands by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,493 shares of the company’s stock valued at $19,691,000 after purchasing an additional 250,557 shares in the last quarter. Jennison Associates LLC lifted its position in Utz Brands by 15.2% in the first quarter. Jennison Associates LLC now owns 1,331,581 shares of the company’s stock worth $24,554,000 after purchasing an additional 175,956 shares during the period. King Luther Capital Management Corp lifted its position in Utz Brands by 175.1% in the fourth quarter. King Luther Capital Management Corp now owns 162,513 shares of the company’s stock worth $2,639,000 after purchasing an additional 103,448 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Utz Brands during the fourth quarter worth $1,345,000. Institutional investors own 95.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on UTZ. Barclays reduced their price objective on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Utz Brands in a report on Friday, August 2nd. Royal Bank of Canada upped their price objective on Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Mizuho raised their target price on Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Stephens upped their price target on Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

Insider Activity

In other Utz Brands news, Director Bruce John Lindeman bought 4,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $16.11 per share, for a total transaction of $64,440.00. Following the transaction, the director now owns 42,480 shares in the company, valued at approximately $684,352.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Christina Choi sold 3,160 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $17.98, for a total value of $56,816.80. Following the transaction, the director now directly owns 29,740 shares in the company, valued at approximately $534,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce John Lindeman acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $16.11 per share, with a total value of $64,440.00. Following the acquisition, the director now directly owns 42,480 shares of the company’s stock, valued at approximately $684,352.80. The disclosure for this purchase can be found here. Insiders own 17.00% of the company’s stock.

Utz Brands Price Performance

NYSE UTZ traded up $0.46 on Wednesday, hitting $16.87. 68,253 shares of the company were exchanged, compared to its average volume of 799,213. Utz Brands, Inc. has a 1-year low of $11.17 and a 1-year high of $20.04. The firm has a 50 day moving average of $16.46 and a two-hundred day moving average of $17.58. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.38 billion, a P/E ratio of -65.64, a P/E/G ratio of 1.07 and a beta of 1.00.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Utz Brands had a net margin of 0.29% and a return on equity of 6.80%. The company had revenue of $356.20 million for the quarter, compared to analyst estimates of $356.23 million. During the same period in the prior year, the business earned $0.13 earnings per share. Utz Brands’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities analysts predict that Utz Brands, Inc. will post 0.73 EPS for the current year.

Utz Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th were given a $0.059 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. Utz Brands’s payout ratio is -92.00%.

About Utz Brands

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.