Utz Brands, Inc. (NYSE:UTZ) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC boosted its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,117,478 shares of the company's stock after acquiring an additional 59,429 shares during the quarter. Copeland Capital Management LLC owned 2.21% of Utz Brands worth $48,820,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UTZ. Victory Capital Management Inc. lifted its stake in Utz Brands by 19.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,474,047 shares of the company's stock worth $26,091,000 after purchasing an additional 235,622 shares in the last quarter. State Street Corp lifted its position in Utz Brands by 9.5% during the third quarter. State Street Corp now owns 1,758,961 shares of the company's stock worth $31,256,000 after buying an additional 152,868 shares in the last quarter. Barclays PLC boosted its stake in Utz Brands by 21.4% during the third quarter. Barclays PLC now owns 555,477 shares of the company's stock worth $9,831,000 after buying an additional 97,767 shares during the last quarter. NFJ Investment Group LLC purchased a new stake in Utz Brands in the 3rd quarter valued at $1,651,000. Finally, GSA Capital Partners LLP increased its stake in shares of Utz Brands by 100.0% in the 3rd quarter. GSA Capital Partners LLP now owns 165,896 shares of the company's stock worth $2,936,000 after acquiring an additional 82,935 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company's stock.

Utz Brands Stock Performance

NYSE UTZ traded up $0.06 during trading on Wednesday, reaching $13.29. The company's stock had a trading volume of 371,629 shares, compared to its average volume of 1,228,784. Utz Brands, Inc. has a twelve month low of $12.71 and a twelve month high of $20.04. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -69.93, a P/E/G ratio of 0.85 and a beta of 1.02. The business's fifty day moving average price is $15.29 and its 200-day moving average price is $16.35. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were issued a dividend of $0.061 per share. The ex-dividend date was Monday, December 16th. This is an increase from Utz Brands's previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.84%. Utz Brands's dividend payout ratio (DPR) is currently -126.32%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UTZ shares. Mizuho dropped their price objective on shares of Utz Brands from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Barclays dropped their price target on shares of Utz Brands from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Piper Sandler decreased their price objective on Utz Brands from $24.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen cut their target price on Utz Brands from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.20.

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.