Charles Schwab Investment Management Inc. Cuts Position in Utz Brands, Inc. $UTZ

Charles Schwab Investment Management Inc. lessened its holdings in Utz Brands, Inc. (NYSE:UTZ) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 564,924 shares of the company’s stock after selling 11,806 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.40% of Utz Brands worth $7,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in Utz Brands in the fourth quarter valued at approximately $1,254,000. Raymond James Financial Inc. bought a new stake in Utz Brands during the 4th quarter valued at $339,000. Dimensional Fund Advisors LP raised its holdings in Utz Brands by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,400,014 shares of the company’s stock valued at $21,923,000 after acquiring an additional 116,376 shares during the period. MetLife Investment Management LLC raised its holdings in Utz Brands by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 40,040 shares of the company’s stock valued at $627,000 after acquiring an additional 2,249 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Utz Brands by 112.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock valued at $121,000 after acquiring an additional 4,078 shares during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Up 0.2%

UTZ opened at $13.3660 on Tuesday. The stock has a market cap of $1.89 billion, a PE ratio of 63.65, a P/E/G ratio of 1.79 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a 52 week low of $11.53 and a 52 week high of $18.89. The business’s fifty day simple moving average is $13.35 and its 200 day simple moving average is $13.35.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $366.70 million during the quarter, compared to the consensus estimate of $360.55 million. Utz Brands had a net margin of 1.27% and a return on equity of 7.81%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. As a group, research analysts expect that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th were given a dividend of $0.061 per share. The ex-dividend date was Monday, June 16th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.01. This represents a $0.24 annualized dividend and a yield of 1.8%. Utz Brands’s dividend payout ratio (DPR) is currently 114.29%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UTZ shares. UBS Group boosted their target price on shares of Utz Brands from $13.50 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Barclays lowered their target price on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, June 27th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Utz Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

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.