Creative Planning Reduces Holdings in Utz Brands, Inc. (NYSE:UTZ)

Creative Planning decreased its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 21.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,236 shares of the company’s stock after selling 7,919 shares during the period. Creative Planning’s holdings in Utz Brands were worth $517,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp acquired a new stake in shares of Utz Brands during the second quarter worth about $44,000. Canada Pension Plan Investment Board acquired a new position in Utz Brands in the second quarter valued at approximately $80,000. SG Americas Securities LLC acquired a new position in Utz Brands in the second quarter valued at approximately $103,000. XTX Topco Ltd acquired a new position in Utz Brands in the second quarter valued at approximately $185,000. Finally, MQS Management LLC acquired a new position in Utz Brands in the second quarter valued at approximately $187,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Down 0.6 %

Shares of UTZ opened at $17.23 on Wednesday. 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 one year low of $11.67 and a one year high of $20.04. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -90.68, a PEG ratio of 1.19 and a beta of 1.01. The stock has a 50 day moving average price of $17.31 and a 200 day moving average price of $17.24.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. The firm had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $363.98 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts forecast that Utz Brands, Inc. will post 0.74 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 16th were issued a $0.011 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 16th. Utz Brands’s payout ratio is currently -126.32%.

Analyst Upgrades and Downgrades

UTZ has been the subject of a number of analyst reports. Barclays decreased their price target on Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Piper Sandler boosted their price target on Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Mizuho reduced their target price on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Utz Brands in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.80.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, EVP Cary Devore sold 30,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the completion of the sale, the executive vice president now directly owns 451,117 shares in the company, valued at $7,813,346.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 17.00% of the stock is owned by company insiders.

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.