Copeland Capital Management LLC Sells 209,051 Shares of Utz Brands, Inc. $UTZ

Key Points

• Copeland Capital Management LLC reduced its stake in Utz Brands, Inc. by 6.9%, selling 209,051 shares, and now owns 2.00% of the company valued at approximately $35.5 million.
• Utz Brands reported $0.17 earnings per share for Q2, missing analysts' expectations, while revenue increased by 2.9% year-over-year to $366.7 million.
• The company declared a quarterly dividend of $0.061, which is part of an annualized yield of 2.0%, despite having a high dividend payout ratio of 114.29%.

Copeland Capital Management LLC cut its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,826,936 shares of the company's stock after selling 209,051 shares during the period. Copeland Capital Management LLC owned 2.00% of Utz Brands worth $35,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simon Quick Advisors LLC boosted its stake in shares of Utz Brands by 9.7% in the 1st quarter. Simon Quick Advisors LLC now owns 15,967 shares of the company's stock valued at $225,000 after purchasing an additional 1,411 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Utz Brands by 37.6% during the second quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company's stock worth $69,000 after buying an additional 1,497 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in Utz Brands by 11.5% in the first quarter. Diversify Wealth Management LLC now owns 18,632 shares of the company's stock valued at $249,000 after buying an additional 1,918 shares during the period. Outfitter Financial LLC boosted its position in Utz Brands by 3.8% during the first quarter. Outfitter Financial LLC now owns 54,200 shares of the company's stock valued at $763,000 after acquiring an additional 1,970 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Utz Brands by 7.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 30,237 shares of the company's stock worth $426,000 after acquiring an additional 2,012 shares during the period. Institutional investors and hedge funds own 95.97% of the company's stock.

Utz Brands Trading Down 0.9%

Shares of UTZ stock opened at $12.20 on Friday. The company has a market cap of $1.73 billion, a P/E ratio of 58.07, a PEG ratio of 1.65 and a beta of 1.02. The stock has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $13.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29. Utz Brands, Inc. has a fifty-two week low of $11.53 and a fifty-two week high of $18.29.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The business had revenue of $366.70 million during the quarter, compared to the consensus estimate of $360.55 million. Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. 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 year.

Utz Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Monday, September 15th were given a $0.061 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 annualized dividend and a yield of 2.0%. Utz Brands's dividend payout ratio (DPR) is presently 114.29%.

Insider Buying and Selling

In other Utz Brands news, Director Christina Choi sold 5,703 shares of the company's 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 transaction, the director owned 33,710 shares in the company, valued at approximately $459,467.30. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UTZ. UBS Group lifted their price objective on Utz Brands from $13.50 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Barclays lowered their target price on Utz Brands from $17.00 to $16.00 and set an "overweight" rating for the company 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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