Russell Investments Group Ltd. Has $807,000 Stock Holdings in Utz Brands, Inc. (NYSE:UTZ)

Russell Investments Group Ltd. reduced its stake in Utz Brands, Inc. (NYSE:UTZ) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,558 shares of the company’s stock after selling 13,877 shares during the quarter. Russell Investments Group Ltd.’s holdings in Utz Brands were worth $807,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Utz Brands by 14.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company’s stock worth $124,079,000 after purchasing an additional 1,025,656 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Utz Brands by 1.9% in the fourth quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company’s stock valued at $48,820,000 after acquiring an additional 59,429 shares during the period. Geode Capital Management LLC grew its stake in shares of Utz Brands by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,561,986 shares of the company’s stock valued at $24,467,000 after acquiring an additional 13,755 shares in the last quarter. Victory Capital Management Inc. increased its position in Utz Brands by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,510,472 shares of the company’s stock worth $23,654,000 after acquiring an additional 36,425 shares during the period. Finally, Boston Partners increased its position in Utz Brands by 3.5% during the fourth quarter. Boston Partners now owns 885,316 shares of the company’s stock worth $13,422,000 after acquiring an additional 30,156 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen downgraded Utz Brands from a “buy” rating to a “hold” rating and reduced their price target for the stock from $17.00 to $15.00 in a research report on Tuesday. DA Davidson dropped their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reduced their target price on Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, Piper Sandler decreased their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Insider Buying and Selling at Utz Brands

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Howard A. Friedman bought 3,525 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the transaction, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. This trade represents a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.32% of the company’s stock.

Utz Brands Trading Down 1.9 %

Shares of UTZ opened at $13.55 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. Utz Brands, Inc. has a 52-week low of $12.15 and a 52-week high of $20.04. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 75.30, a PEG ratio of 0.86 and a beta of 1.10. The business’s fifty day moving average is $13.64 and its 200-day moving average is $15.08.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $341.05 million for 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 previous year, the business posted $0.16 earnings per share. Equities analysts anticipate that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Monday, April 7th will be given a $0.011 dividend. The ex-dividend date is Monday, April 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Utz Brands’s dividend payout ratio is currently 133.33%.

Utz Brands Company Profile

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.