Utz Brands, Inc. (NYSE:UTZ) Plans Quarterly Dividend of $0.06

Utz Brands, Inc. (NYSE:UTZ) announced a quarterly dividend on Thursday, March 26th. Stockholders of record on Monday, April 13th will be paid a dividend of 0.063 per share on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, April 13th.

Utz Brands has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Utz Brands has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Utz Brands to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 27.2%.

Utz Brands Trading Down 1.4%

Shares of UTZ opened at $7.45 on Friday. Utz Brands has a one year low of $7.11 and a one year high of $14.67. The stock has a 50-day moving average price of $9.25 and a 200 day moving average price of $10.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.19. The company has a market capitalization of $1.07 billion, a P/E ratio of 745.95, a P/E/G ratio of 2.78 and a beta of 0.93.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Utz Brands by 39.7% in the first quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock valued at $3,504,000 after buying an additional 70,739 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Utz Brands by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock worth $556,000 after acquiring an additional 2,190 shares during the last quarter. Goldman Sachs Group Inc. grew 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 increased its holdings in shares of Utz Brands by 36.4% in the 1st 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 period. Finally, Geode Capital Management LLC increased its holdings in shares of Utz Brands by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,732,143 shares of the company’s stock worth $21,741,000 after acquiring an additional 117,009 shares during the period. 95.97% of the stock is currently owned by institutional investors.

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.