Utz Brands, Inc. (UTZ) to Issue Quarterly Dividend of $0.06 on July 2nd

Utz Brands, Inc. (NYSE:UTZ) declared a quarterly dividend on Thursday, June 11th. Investors of record on Monday, June 22nd will be paid a dividend of 0.063 per share on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, June 22nd.

Utz Brands has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Utz Brands has a dividend payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Utz Brands to earn $0.83 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 30.1%.

Utz Brands Trading Up 0.1%

Shares of Utz Brands stock opened at $7.13 on Friday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -71.24, a PEG ratio of 2.60 and a beta of 0.83. Utz Brands has a fifty-two week low of $6.78 and a fifty-two week high of $14.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.75 and a current ratio of 1.14. The stock has a 50 day moving average of $7.49 and a 200 day moving average of $8.81.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The business had revenue of $361.30 million during the quarter, compared to analyst estimates of $361.77 million. During the same period last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, research analysts predict that Utz Brands will post 0.78 earnings per share for the current year.

Institutional Trading of Utz Brands

Several hedge funds have recently modified their holdings of UTZ. Royal Bank of Canada raised its stake in shares of 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 acquiring an additional 70,739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in Utz Brands by 40.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after buying an additional 585,952 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Utz Brands by 36.4% in 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 valued at $2,760,000 after buying an additional 52,285 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Utz Brands by 10.0% in the second quarter. Legal & General Group Plc now owns 77,578 shares of the company’s stock valued at $974,000 after buying an additional 7,073 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.

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.