Diversified Trust Co Has $792,000 Stake in Utz Brands, Inc. (NYSE:UTZ)

Diversified Trust Co boosted its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 11.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,945 shares of the company’s stock after buying an additional 4,490 shares during the quarter. Diversified Trust Co’s holdings in Utz Brands were worth $792,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UTZ. SRS Capital Advisors Inc. increased its position in Utz Brands by 120.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock worth $56,000 after buying an additional 1,891 shares during the last quarter. Delta Asset Management LLC TN increased its position in Utz Brands by 100.0% during the fourth quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock worth $81,000 after buying an additional 2,500 shares during the last quarter. International Assets Investment Management LLC increased its position in Utz Brands by 1,428.8% during the fourth quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock worth $89,000 after buying an additional 5,115 shares during the last quarter. Parallel Advisors LLC increased its position in Utz Brands by 11.6% during the fourth quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock worth $161,000 after buying an additional 1,033 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Utz Brands during the fourth quarter worth $167,000. 95.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Utz Brands news, Director Roger K. Deromedi sold 66,027 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $19.45, for a total transaction of $1,284,225.15. Following the completion of the transaction, the director now owns 2,315,693 shares in the company, valued at $45,040,228.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Utz Brands news, Director Roger K. Deromedi sold 66,027 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $19.45, for a total transaction of $1,284,225.15. Following the completion of the transaction, the director now owns 2,315,693 shares in the company, valued at $45,040,228.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Schreiber sold 20,103 shares of Utz Brands stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $19.47, for a total transaction of $391,405.41. Following the completion of the transaction, the executive vice president now owns 108,126 shares of the company’s stock, valued at approximately $2,105,213.22. The disclosure for this sale can be found here. Insiders sold a total of 497,178 shares of company stock worth $9,387,927 over the last quarter. Company insiders own 17.00% of the company’s stock.

Utz Brands Stock Down 1.6 %

UTZ stock opened at $16.37 on Wednesday. The company has a market cap of $2.31 billion, a PE ratio of -65.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54. Utz Brands, Inc. has a twelve month low of $11.17 and a twelve month high of $20.04. The business’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $17.71.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a negative net margin of 1.38% and a positive return on equity of 6.16%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. On average, research analysts anticipate that Utz Brands, Inc. will post 0.72 earnings per share for the current year.

Utz Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be paid a dividend of $0.059 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, June 17th. Utz Brands’s dividend payout ratio is -96.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UTZ shares. Barclays raised their price target on Utz Brands from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Stephens raised their price target on Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Bank of America raised Utz Brands from a “neutral” rating to a “buy” rating and raised their price target for the company from $19.00 to $22.00 in a research report on Thursday, March 14th. Royal Bank of Canada raised their price target on Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Needham & Company LLC raised their price target on Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.42.

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.