Voya Investment Management LLC Trims Position in Utz Brands, Inc. $UTZ

Voya Investment Management LLC cut its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 8.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,279 shares of the company’s stock after selling 1,684 shares during the quarter. Voya Investment Management LLC’s holdings in Utz Brands were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UTZ. Ameriprise Financial Inc. raised its position in Utz Brands by 38.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock worth $79,858,000 after buying an additional 1,560,884 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Utz Brands during the 1st quarter worth approximately $11,697,000. Bahl & Gaynor Inc. grew its stake in shares of Utz Brands by 221.7% during the 1st quarter. Bahl & Gaynor Inc. now owns 914,325 shares of the company’s stock worth $12,874,000 after purchasing an additional 630,149 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Utz Brands by 40.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after purchasing an additional 585,952 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Utz Brands by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock worth $104,753,000 after purchasing an additional 501,374 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Utz Brands

In other Utz Brands news, Director Christina Choi sold 5,703 shares of Utz Brands stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total transaction of $77,731.89. Following the sale, the director owned 33,710 shares of the company’s stock, valued at $459,467.30. The trade was a 14.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.32% of the stock is currently owned by company insiders.

Utz Brands Trading Down 2.4%

Shares of UTZ opened at $11.83 on Tuesday. Utz Brands, Inc. has a 52-week low of $11.53 and a 52-week high of $18.29. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $13.19 and its two-hundred day moving average is $13.21. The stock has a market cap of $1.67 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03.

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

Utz Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th will be paid a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 15th. Utz Brands’s payout ratio is 114.29%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UTZ. Barclays dropped their price objective on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, June 27th. UBS Group raised their price objective on shares of Utz Brands from $13.50 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Utz Brands 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.