Barclays PLC Raises Holdings in Utz Brands, Inc. (NYSE:UTZ)

Barclays PLC lifted its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 555,477 shares of the company's stock after purchasing an additional 97,767 shares during the quarter. Barclays PLC owned about 0.39% of Utz Brands worth $9,831,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Utz Brands during the second quarter valued at approximately $103,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Utz Brands by 11.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,838 shares of the company's stock valued at $197,000 after acquiring an additional 1,228 shares during the period. Fifth Third Bancorp bought a new position in Utz Brands in the 2nd quarter valued at $44,000. Bank of New York Mellon Corp increased its stake in Utz Brands by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 446,918 shares of the company's stock worth $7,437,000 after purchasing an additional 11,492 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Utz Brands during the second quarter worth $914,000. Institutional investors own 95.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on UTZ. Mizuho reduced their price target on shares of Utz Brands from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Piper Sandler upped their target price on shares of Utz Brands from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Utz Brands presently has a consensus rating of "Moderate Buy" and an average price target of $21.22.

Insider Activity

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total value of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares in the company, valued at approximately $8,576,497.02. This trade represents a 85.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Cary Devore sold 30,000 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the sale, the executive vice president now owns 451,117 shares in the company, valued at $7,813,346.44. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

Utz Brands Stock Down 2.6 %

NYSE UTZ traded down $0.46 during trading on Tuesday, reaching $16.96. 539,802 shares of the company's stock traded hands, compared to its average volume of 743,202. The company's 50 day simple moving average is $17.07 and its two-hundred day simple moving average is $16.96. Utz Brands, Inc. has a 12-month low of $14.17 and a 12-month high of $20.04. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -89.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $365.50 million during the quarter, compared to the consensus estimate of $363.98 million. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. Utz Brands's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, sell-side analysts forecast that Utz Brands, Inc. will post 0.74 EPS for the current fiscal year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. This is a positive change from Utz Brands's previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 16th. Utz Brands's dividend payout ratio is presently -126.32%.

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.