Utz Brands said on April 6, 2023 that its board of directors declared a regular
quarterly dividend of $0.06 per share ($0.23 annualized).
Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of April 14, 2023 to qualify for the dividend.
Shareholders of record as of April 17, 2023
will receive the payment on May 4, 2023.
At the current share price of $17.19 / share,
the stock’s dividend yield is 1.33%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.57%,
the lowest has been 0.80%,
and the highest has been 2.38%.
The standard deviation of yields is 0.49 (n=192).
The current dividend yield is
0.51 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is -47.12.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 375 funds or institutions reporting positions in Utz Brands.
This is a decrease
of
2
owner(s) or 0.53% in the last quarter.
Average portfolio weight of all funds dedicated to UTZ is 0.17%,
an increase
of 8.76%.
Total shares owned by institutions decreased
in the last three months by 2.96% to 83,014K shares.
The put/call ratio of UTZ is 0.26, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 16.45% Upside
As of April 6, 2023,
the average one-year price target for Utz Brands is $20.02.
The forecasts range from a low of $18.18 to a high of $23.10.
The average price target represents an increase of 16.45% from its latest reported closing price of $17.19.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Utz Brands
is $1,464MM, an increase of 3.95%.
The projected annual non-GAAP EPS
is $0.55.
What are Other Shareholders Doing?
Raymond James Financial Services Advisors
holds 42K shares
representing 0.05% ownership of the company.
In it’s prior filing, the firm reported owning 50K shares, representing
a decrease
of 16.94%.
The firm
decreased
its portfolio allocation in UTZ by 18.82% over the last quarter.
ISCG – iShares Morningstar Small-Cap Growth ETF
holds 7K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 5K shares, representing
an increase
of 18.41%.
The firm
increased
its portfolio allocation in UTZ by 12.64% over the last quarter.
Outfitter Financial
holds 47K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 47K shares, representing
a decrease
of 0.85%.
The firm
decreased
its portfolio allocation in UTZ by 3.43% over the last quarter.
FECGX – Fidelity Small Cap Growth Index Fund
holds 16K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 16K shares, representing
a decrease
of 0.67%.
The firm
increased
its portfolio allocation in UTZ by 1.51% over the last quarter.
IRSIX – Voya RussellTM Small Cap Index Portfolio DV
holds 26K shares
representing 0.03% ownership of the company.
No change in the last quarter.
Utz Brands Background Information
(This description is provided by the company.)
Utz manufactures a diverse portfolio of savory snacks under popular brands including Utz®, On The Border®, Zapp’s®, Golden Flake®, Good Health®, Boulder Canyon®, Hawaiian® Brand, and Tortiyahs! ® among others.
After nearly a century with strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz’s products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug and other channels. Based in Hanover, Pennsylvania, Utz operates fourteen facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Washington, and Massachusetts.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
