JPMorgan Chase & Co. Sells 902,471 Shares of Utz Brands, Inc. $UTZ

JPMorgan Chase & Co. decreased its holdings in Utz Brands, Inc. (NYSE:UTZ) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,294,787 shares of the company’s stock after selling 902,471 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.05% of Utz Brands worth $88,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UTZ. Royal Bank of Canada raised its position in Utz Brands by 39.7% during the 1st quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock worth $3,504,000 after purchasing an additional 70,739 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Utz Brands by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock valued at $556,000 after buying an additional 2,190 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after acquiring an additional 585,952 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Utz Brands by 36.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company’s stock worth $2,760,000 after acquiring an additional 52,285 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Utz Brands by 11.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 155,016 shares of the company’s stock worth $1,945,000 after acquiring an additional 15,943 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho set a $14.00 target price on shares of Utz Brands in a research report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a research note on Monday, December 29th. UBS Group set a $10.00 price target on shares of Utz Brands in a research report on Friday, February 13th. TD Cowen lowered their price objective on Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, DA Davidson set a $15.00 target price on Utz Brands in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Utz Brands presently has an average rating of “Hold” and an average target price of $12.86.

Utz Brands Trading Down 1.5%

UTZ opened at $9.55 on Tuesday. Utz Brands, Inc. has a fifty-two week low of $8.72 and a fifty-two week high of $14.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.19 and a quick ratio of 0.82. The company’s 50-day moving average is $10.22 and its 200 day moving average is $11.18. The firm has a market capitalization of $1.37 billion, a PE ratio of 955.96, a P/E/G ratio of 3.57 and a beta of 0.92.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $342.20 million for the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, research analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, December 15th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio is presently 2,500.00%.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.