Copeland Capital Management LLC Sells 81,491 Shares of Utz Brands, Inc. (NYSE:UTZ)

Copeland Capital Management LLC trimmed its position in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,035,987 shares of the company's stock after selling 81,491 shares during the period. Copeland Capital Management LLC owned approximately 2.15% of Utz Brands worth $42,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Simon Quick Advisors LLC raised its holdings in shares of Utz Brands by 9.7% during the 1st quarter. Simon Quick Advisors LLC now owns 15,967 shares of the company's stock worth $225,000 after acquiring an additional 1,411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Utz Brands by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company's stock valued at $584,000 after buying an additional 1,596 shares during the period. Rhumbline Advisers raised its holdings in Utz Brands by 1.9% during the 4th quarter. Rhumbline Advisers now owns 95,103 shares of the company's stock valued at $1,489,000 after buying an additional 1,757 shares during the period. LPL Financial LLC raised its holdings in Utz Brands by 4.7% during the 4th quarter. LPL Financial LLC now owns 39,879 shares of the company's stock valued at $624,000 after buying an additional 1,789 shares during the period. Finally, M&T Bank Corp raised its holdings in Utz Brands by 18.9% during the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company's stock valued at $198,000 after buying an additional 2,011 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Timothy Brown purchased 5,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were purchased at an average price of $11.96 per share, for a total transaction of $59,800.00. Following the completion of the purchase, the director now owns 67,573 shares in the company, valued at approximately $808,173.08. This represents a 7.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Jr. Werzyn acquired 8,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the transaction, the director now owns 22,970 shares of the company's stock, valued at $271,275.70. This represents a 53.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 16.32% of the company's stock.

Analyst Upgrades and Downgrades

UTZ has been the topic of several recent research reports. Barclays decreased their price target on Utz Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Friday. TD Cowen lowered Utz Brands from a "buy" rating to a "hold" rating and decreased their price target for the company from $17.00 to $15.00 in a report on Tuesday, April 22nd. DA Davidson upgraded Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target on the stock in a report on Thursday, April 24th. Finally, UBS Group decreased their price target on Utz Brands from $15.00 to $13.50 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.69.

Utz Brands Trading Down 2.4%

Utz Brands stock traded down $0.31 during mid-day trading on Friday, hitting $12.45. The company's stock had a trading volume of 3,664,217 shares, compared to its average volume of 968,783. The company has a 50 day moving average of $12.96 and a 200-day moving average of $13.71. The stock has a market cap of $1.76 billion, a PE ratio of 38.89, a P/E/G ratio of 1.49 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 1.32. Utz Brands, Inc. has a one year low of $11.53 and a one year high of $18.89.

Utz Brands (NYSE:UTZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $352.08 million for the quarter, compared to analyst estimates of $345.44 million. Utz Brands had a return on equity of 8.05% and a net margin of 1.94%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be paid a dividend of $0.061 per share. The ex-dividend date is Monday, June 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.96%. This is a positive change from Utz Brands's previous quarterly dividend of $0.01. Utz Brands's dividend payout ratio (DPR) is currently 75.00%.

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.