Utz Brands, Inc. (NYSE:UTZ – Get Rating) EVP Chad Whyte sold 4,000 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $18.22, for a total transaction of $72,880.00. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at $78,692.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Utz Brands Trading Down 1.7 %
Shares of NYSE UTZ opened at $18.05 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.68 and a quick ratio of 1.16. The firm’s 50-day moving average price is $15.86 and its two-hundred day moving average price is $15.36. Utz Brands, Inc. has a 52-week low of $12.06 and a 52-week high of $19.98.
Utz Brands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Monday, September 19th were given a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 16th. Utz Brands’s dividend payout ratio is presently -75.86%.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Utz Brands
A number of hedge funds have recently added to or reduced their stakes in UTZ. Advisors Capital Management LLC increased its holdings in shares of Utz Brands by 5.0% in the 3rd quarter. Advisors Capital Management LLC now owns 736,726 shares of the company’s stock worth $12,753,000 after acquiring an additional 34,877 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Utz Brands during the third quarter valued at approximately $284,000. BNP Paribas Arbitrage SNC acquired a new position in shares of Utz Brands during the third quarter worth approximately $525,000. Alliancebernstein L.P. grew its holdings in Utz Brands by 2.6% in the 3rd quarter. Alliancebernstein L.P. now owns 63,300 shares of the company’s stock worth $956,000 after buying an additional 1,600 shares in the last quarter. Finally, State Street Corp grew its holdings in Utz Brands by 3.5% in the 3rd quarter. State Street Corp now owns 1,257,269 shares of the company’s stock worth $19,052,000 after buying an additional 42,387 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.
Utz Brands Company Profile
Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.
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