Truist Financial Corp Boosts Position in Utz Brands, Inc. (NYSE:UTZ)

Truist Financial Corp increased its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 21.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,221 shares of the company’s stock after purchasing an additional 3,754 shares during the quarter. Truist Financial Corp’s holdings in Utz Brands were worth $350,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Middle East FZE acquired a new position in Utz Brands during the fourth quarter worth approximately $41,000. Ridgewood Investments LLC acquired a new position in Utz Brands during the first quarter worth approximately $73,000. Clear Street Markets LLC acquired a new position in Utz Brands during the fourth quarter worth approximately $90,000. Tower Research Capital LLC TRC increased its position in Utz Brands by 236.1% during the third quarter. Tower Research Capital LLC TRC now owns 6,309 shares of the company’s stock worth $95,000 after buying an additional 4,432 shares during the period. Finally, Sei Investments Co. acquired a new position in Utz Brands during the first quarter worth approximately $102,000. Institutional investors and hedge funds own 83.96% of the company’s stock.

Insider Activity

In related news, Director Dylan Lissette bought 15,873 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average price of $15.75 per share, with a total value of $249,999.75. Following the completion of the acquisition, the director now owns 95,313 shares in the company, valued at approximately $1,501,179.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 17.32% of the company’s stock.

Utz Brands Trading Up 1.4 %

UTZ opened at $14.79 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 1,479.00, a price-to-earnings-growth ratio of 2.32 and a beta of 0.80. Utz Brands, Inc. has a 52 week low of $13.85 and a 52 week high of $19.15. The business’s 50 day moving average is $16.13 and its two-hundred day moving average is $16.70. The company has a quick ratio of 1.24, a current ratio of 1.82 and a debt-to-equity ratio of 0.68.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, August 10th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $362.90 million for the quarter, compared to analyst estimates of $360.59 million. Utz Brands had a return on equity of 5.77% and a net margin of 0.05%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, research analysts predict that Utz Brands, Inc. will post 0.55 EPS for the current year.

Utz Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Monday, June 19th were issued a $0.057 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, June 15th. Utz Brands’s payout ratio is currently 2,300.00%.

Utz Brands Company Profile

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, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, veggies, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGI Fridays, TORTIYAHS!, and other brand names.