Susquehanna Portfolio Strategies LLC Sells 21,304 Shares of Utz Brands, Inc. (NYSE:UTZ)

Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) by 41.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,628 shares of the company's stock after selling 21,304 shares during the quarter. Utz Brands accounts for about 1.6% of Susquehanna Portfolio Strategies LLC's holdings, making the stock its 10th largest position. Susquehanna Portfolio Strategies LLC's holdings in Utz Brands were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Snowden Capital Advisors LLC raised its stake in shares of Utz Brands by 6.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 35,318 shares of the company's stock valued at $555,000 after buying an additional 2,282 shares during the period. ProShare Advisors LLC grew its position in shares of Utz Brands by 51.1% in the fourth quarter. ProShare Advisors LLC now owns 18,569 shares of the company's stock valued at $291,000 after purchasing an additional 6,279 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Utz Brands by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company's stock valued at $584,000 after purchasing an additional 1,596 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Utz Brands by 250.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 89,083 shares of the company's stock valued at $1,395,000 after purchasing an additional 63,692 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Utz Brands in the fourth quarter valued at $196,000. 95.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UTZ shares. UBS Group dropped their price objective on Utz Brands from $15.00 to $13.50 and set a "neutral" rating for the company in a research note on Friday, May 2nd. TD Cowen lowered Utz Brands from a "buy" rating to a "hold" rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Tuesday, April 22nd. DA Davidson raised Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a research note on Thursday, April 24th. Mizuho dropped their price target on Utz Brands from $21.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Royal Bank of Canada dropped their price target on Utz Brands from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.

Utz Brands Trading Down 3.6%

Shares of UTZ traded down $0.46 during trading hours on Wednesday, hitting $12.28. The company had a trading volume of 896,250 shares, compared to its average volume of 922,865. The firm has a market cap of $1.74 billion, a P/E ratio of 68.24, a P/E/G ratio of 0.86 and a beta of 1.20. The stock's 50 day moving average price is $13.23 and its 200 day moving average price is $14.48. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands, Inc. has a 52-week low of $11.53 and a 52-week high of $18.89.

Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $352.08 million for the quarter, compared to the consensus estimate of $345.44 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. On average, research analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Monday, April 7th were paid a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, April 7th. Utz Brands's dividend payout ratio (DPR) is 75.00%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, CEO Howard A. Friedman acquired 3,525 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the acquisition, the chief executive officer now owns 265,729 shares in the company, valued at approximately $3,762,722.64. This trade represents a 1.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Jr. Werzyn bought 8,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the completion of the transaction, the director now owns 22,970 shares in the company, valued at $271,275.70. This trade represents a 53.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,920 shares of company stock valued at $224,156 over the last ninety days. 16.32% of the stock is currently owned by company insiders.

About Utz Brands

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.