Sageworth Trust Co Invests $221,000 in Utz Brands, Inc. $UTZ

Sageworth Trust Co purchased a new position in Utz Brands, Inc. (NYSE:UTZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,615 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of Utz Brands in the 1st quarter worth $196,000. Vanguard Group Inc. increased its holdings in shares of Utz Brands by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock worth $104,753,000 after buying an additional 501,374 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of Utz Brands during the 1st quarter valued at $602,000. Ameriprise Financial Inc. grew its holdings in shares of Utz Brands by 38.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock valued at $79,858,000 after purchasing an additional 1,560,884 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Utz Brands during the 4th quarter valued at $512,000. Institutional investors own 95.97% of the company’s stock.

Insider Activity at Utz Brands

In other news, Director Christina Choi sold 5,703 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $13.63, for a total value of $77,731.89. Following the completion of the sale, the director directly owned 33,710 shares of the company’s stock, valued at approximately $459,467.30. This trade represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 16.32% of the company’s stock.

Utz Brands Price Performance

Shares of Utz Brands stock opened at $12.30 on Thursday. The firm has a market cap of $1.74 billion, a PE ratio of 58.55, a price-to-earnings-growth ratio of 1.63 and a beta of 1.02. Utz Brands, Inc. has a 12-month low of $11.53 and a 12-month high of $18.29. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $13.10 and its two-hundred day simple moving average is $13.20.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $366.70 million during the quarter, compared to the consensus estimate of $360.55 million. Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.Utz Brands’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. As a group, equities analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th will be issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, September 15th. Utz Brands’s dividend payout ratio (DPR) is 114.29%.

Analysts Set New Price Targets

Several equities analysts recently commented on UTZ shares. UBS Group increased their target price on shares of Utz Brands from $13.50 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Barclays reduced their target price on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.29.

About Utz Brands

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.