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

Susquehanna Portfolio Strategies LLC reduced its stake in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) by 41.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,628 shares of the company's stock after selling 21,304 shares during the quarter. Utz Brands comprises approximately 1.6% of Susquehanna Portfolio Strategies LLC's portfolio, making the stock its 10th largest holding. Susquehanna Portfolio Strategies LLC's holdings in Utz Brands were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of UTZ. JPMorgan Chase & Co. grew its holdings in shares of Utz Brands by 14.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company's stock worth $124,079,000 after purchasing an additional 1,025,656 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Utz Brands by 20.5% in the 4th quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company's stock valued at $64,376,000 after purchasing an additional 698,589 shares during the period. Champlain Investment Partners LLC grew its stake in Utz Brands by 13.5% during the 4th quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company's stock worth $81,564,000 after buying an additional 620,196 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Utz Brands by 157.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 612,441 shares of the company's stock worth $9,591,000 after buying an additional 375,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Utz Brands by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,400,014 shares of the company's stock worth $21,923,000 after buying an additional 116,376 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Utz Brands Stock Performance

UTZ traded up $0.02 during trading on Friday, hitting $12.17. The stock had a trading volume of 305,087 shares, compared to its average volume of 1,269,287. The firm has a market capitalization of $1.72 billion, a P/E ratio of 67.58, a PEG ratio of 0.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. Utz Brands, Inc. has a twelve month low of $11.53 and a twelve month high of $18.89. The company's 50-day moving average price is $13.19 and its 200 day moving average price is $14.43.

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

Utz Brands Cuts Dividend

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

Insider Transactions at Utz Brands

In related news, Director Timothy Brown bought 5,000 shares of the stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $11.96 per share, for a total transaction of $59,800.00. Following the completion of the transaction, the director now owns 67,573 shares of the company's stock, valued at $808,173.08. This represents a 7.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Jr. Werzyn bought 8,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $11.81 per share, with a total value of $94,480.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 17,920 shares of company stock valued at $224,156. Corporate insiders own 16.32% of the company's stock.

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.