Northern Trust Corp Purchases 55,513 Shares of Utz Brands, Inc. (NYSE:UTZ)

Northern Trust Corp lifted its stake in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 983,623 shares of the company's stock after acquiring an additional 55,513 shares during the quarter. Northern Trust Corp owned about 0.70% of Utz Brands worth $15,404,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Newton One Investments LLC bought a new stake in Utz Brands during the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC purchased a new stake in shares of Utz Brands in the fourth quarter valued at $54,000. Tower Research Capital LLC TRC boosted its stake in shares of Utz Brands by 112.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company's stock valued at $121,000 after buying an additional 4,078 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of Utz Brands during the 4th quarter valued at $169,000. Finally, M&T Bank Corp boosted its stake in shares of 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. Institutional investors and hedge funds own 95.97% of the company's stock.

Insider Activity at Utz Brands

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of Utz Brands stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Howard A. Friedman purchased 3,525 shares of the company'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 transaction, the chief executive officer now directly 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 disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,920 shares of company stock valued at $224,156. 16.32% of the stock is owned by insiders.

Utz Brands Stock Performance

Shares of UTZ traded up $0.04 during trading hours on Tuesday, hitting $12.70. The company had a trading volume of 16,681 shares, compared to its average volume of 916,224. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 70.47, a PEG ratio of 0.86 and a beta of 1.20. The business has a fifty day moving average of $13.25 and a 200-day moving average of $14.49. Utz Brands, Inc. has a 12 month low of $11.53 and a 12 month high of $18.89. 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 (NYSE:UTZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The business had revenue of $352.08 million during the quarter, compared to analysts' expectations of $345.44 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business's revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, April 7th were issued a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, April 7th. Utz Brands's dividend payout ratio is currently 75.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UTZ. TD Cowen downgraded shares of Utz Brands from a "buy" rating to a "hold" rating and dropped their target price for the stock from $17.00 to $15.00 in a report on Tuesday, April 22nd. 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 report on Monday, February 10th. DA Davidson upgraded shares of Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price objective on the stock in a report on Thursday, April 24th. UBS Group decreased 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. Finally, Royal Bank of Canada decreased their target price 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.

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.