Utz Brands, Inc. (NYSE:UTZ) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of Utz Brands, Inc. (NYSE:UTZGet Rating) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,189 shares of the company’s stock after acquiring an additional 830 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Utz Brands were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC acquired a new position in Utz Brands during the second quarter worth $200,000. Keybank National Association OH acquired a new position in shares of Utz Brands during the 2nd quarter worth $182,000. Fieldpoint Private Securities LLC grew its stake in Utz Brands by 209.9% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,997 shares of the company’s stock valued at $41,000 after acquiring an additional 2,030 shares during the last quarter. Personal CFO Solutions LLC purchased a new position in Utz Brands during the 2nd quarter valued at about $203,000. Finally, Envestnet Asset Management Inc. increased its holdings in Utz Brands by 99.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 363,487 shares of the company’s stock valued at $5,023,000 after acquiring an additional 181,132 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Utz Brands Price Performance

UTZ opened at $17.51 on Thursday. Utz Brands, Inc. has a 52-week low of $12.06 and a 52-week high of $19.98. The company has a 50 day moving average of $15.73 and a two-hundred day moving average of $15.24. The company has a market cap of $2.45 billion, a P/E ratio of -60.38, a P/E/G ratio of 8.58 and a beta of 0.73. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.62.

Utz Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Monday, September 19th were given a dividend of $0.054 per share. The ex-dividend date was Friday, September 16th. This represents a $0.22 dividend on an annualized basis and a yield of 1.23%. Utz Brands’s dividend payout ratio (DPR) is -75.86%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stephens increased their price target on shares of Utz Brands from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 12th. The Goldman Sachs Group dropped their price target on Utz Brands from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, October 10th. Finally, Credit Suisse Group upped their price objective on Utz Brands to $19.00 in a research report on Monday, August 15th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Utz Brands currently has a consensus rating of “Hold” and a consensus price target of $19.20.

Utz Brands Company Profile

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Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.

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Institutional Ownership by Quarter for Utz Brands (NYSE:UTZ)

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