Utz Brands, Inc. (NYSE:UTZ) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,500 shares of the company’s stock after selling 16,600 shares during the quarter. Swiss National Bank owned approximately 0.10% of Utz Brands worth $2,298,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UTZ. Legal & General Group Plc grew its holdings in shares of Utz Brands by 2.6% during the fourth quarter. Legal & General Group Plc now owns 25,214 shares of the company’s stock worth $400,000 after buying an additional 638 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Utz Brands by 3.9% during the fourth quarter. Arizona State Retirement System now owns 18,242 shares of the company’s stock worth $289,000 after buying an additional 692 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Utz Brands by 7.7% during the first quarter. Principal Financial Group Inc. now owns 10,808 shares of the company’s stock worth $160,000 after buying an additional 769 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Utz Brands by 3.7% during the first quarter. Keybank National Association OH now owns 23,563 shares of the company’s stock worth $388,000 after buying an additional 842 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Utz Brands by 3.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,306 shares of the company’s stock worth $449,000 after buying an additional 872 shares in the last quarter. 49.01% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Trading Down 3.0 %

Shares of UTZ stock opened at $14.70 on Wednesday. The company’s 50-day moving average price is $15.96 and its 200-day moving average price is $16.65. The company has a current ratio of 1.82, a quick ratio of 1.24 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 1,470.00, a PEG ratio of 2.41 and a beta of 0.81. Utz Brands, Inc. has a twelve month low of $13.85 and a twelve month high of $19.15.

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

Utz Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Monday, June 19th were paid a $0.057 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.23 annualized dividend and a yield of 1.55%. Utz Brands’s dividend payout ratio is currently 2,300.00%.

Insider Buying and Selling at Utz Brands

In other news, Director Dylan Lissette acquired 15,873 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost 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 of the company’s stock, valued at $1,501,179.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 16.84% of the stock is currently owned by insiders.

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.