Personal CFO Solutions LLC Has $305,000 Holdings in Utz Brands, Inc. (NYSE:UTZ)

Personal CFO Solutions LLC lessened its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,464 shares of the company’s stock after selling 978 shares during the quarter. Personal CFO Solutions LLC’s holdings in Utz Brands were worth $305,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Newton One Investments LLC bought a new stake in shares of Utz Brands during the fourth quarter worth approximately $26,000. Rhumbline Advisers boosted its holdings in shares of Utz Brands by 1.9% during the fourth quarter. Rhumbline Advisers now owns 95,103 shares of the company’s stock worth $1,489,000 after acquiring an additional 1,757 shares during the period. M&T Bank Corp boosted its holdings in shares of Utz Brands by 18.9% during the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock worth $198,000 after acquiring an additional 2,011 shares during the period. Truist Financial Corp boosted its holdings in shares of Utz Brands by 11.0% during the fourth quarter. Truist Financial Corp now owns 26,917 shares of the company’s stock worth $422,000 after acquiring an additional 2,667 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Utz Brands by 18.0% during the fourth quarter. Handelsbanken Fonder AB now owns 22,300 shares of the company’s stock worth $349,000 after acquiring an additional 3,400 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. DA Davidson reduced their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Piper Sandler reduced their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada cut their price target on Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, Mizuho cut their price target on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.56.

Utz Brands Stock Down 0.4 %

NYSE UTZ opened at $13.96 on Tuesday. The business has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $15.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $20.04. The stock has a market capitalization of $1.97 billion, a PE ratio of 77.53, a PEG ratio of 0.86 and a beta of 1.05.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The firm had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same period in the prior year, the company earned $0.16 earnings per share. Equities analysts expect that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Howard A. Friedman purchased 3,525 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $14.16 per share, with a total value of $49,914.00. Following the completion of the acquisition, the chief executive officer now directly owns 265,729 shares of the company’s stock, valued at approximately $3,762,722.64. This represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 17.00% of the company’s stock.

Utz Brands Profile

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.