Newton One Investments LLC Buys Shares of 1,691 Utz Brands, Inc. (NYSE:UTZ)

Newton One Investments LLC acquired a new position in shares of Utz Brands, Inc. (NYSE:UTZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,691 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Utz Brands by 9.5% during the 3rd 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 during the period. Vestcor Inc raised its holdings in Utz Brands by 11.4% in the third quarter. Vestcor Inc now owns 296,100 shares of the company’s stock worth $5,241,000 after purchasing an additional 30,400 shares during the period. Geode Capital Management LLC boosted its position in shares of Utz Brands by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,548,231 shares of the company’s stock worth $27,409,000 after purchasing an additional 47,320 shares in the last quarter. Barclays PLC grew its holdings in shares of Utz Brands by 21.4% in the 3rd quarter. Barclays PLC now owns 555,477 shares of the company’s stock valued at $9,831,000 after buying an additional 97,767 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Utz Brands in the 2nd quarter valued at $890,000. Institutional investors own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UTZ shares. Piper Sandler lowered their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Barclays dropped their target price on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Mizuho lowered their price objective on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, TD Cowen cut their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Utz Brands Stock Performance

NYSE:UTZ opened at $13.26 on Tuesday. Utz Brands, Inc. has a 12-month low of $12.91 and a 12-month high of $20.04. The stock’s 50 day moving average price is $15.45 and its two-hundred day moving average price is $16.39. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Monday, December 16th. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio is -126.32%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares in the company, valued at $8,576,497.02. This trade represents a 85.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.00% of the company’s stock.

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.