SCHEDULE 13G/A: Neuberger Berman Group Discloses Passive 0.2% Stake in Utz Brands, Inc.

Neuberger Berman Group LLC and its subsidiary, Neuberger Berman Investment Advisers LLC, have filed an amended Schedule 13G, reporting a passive beneficial ownership of 0.2% in Utz Brands, Inc.'s common stock as of January 31, 2025.

Summary

• Neuberger Berman Group LLC reported beneficial ownership of 157,983 shares of Utz Brands, Inc. common stock, representing 0.2% of the class.
• Neuberger Berman Investment Advisers LLC, a subsidiary, reported beneficial ownership of 130,377 shares, also representing 0.2% of the class.
• The filing indicates that Neuberger Berman Group LLC has shared voting power over 140,590 shares and shared dispositive power over 157,983 shares.
• Neuberger Berman Investment Advisers LLC has shared voting power over 113,038 shares and shared dispositive power over 130,377 shares.
• Both entities reported zero sole voting or sole dispositive power.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Utz Brands, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing passive ownership, which typically carries a neutral sentiment as it does not indicate significant positive or negative developments for the company.

Positives

• The continued, albeit small, passive investment by a reputable institutional asset manager like Neuberger Berman Group LLC in Utz Brands, Inc. suggests a routine portfolio allocation.

Negatives

• The reported stake of 0.2% is very small, indicating a minor position that does not signal strong conviction or significant strategic interest in Utz Brands, Inc.

Risks

• The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating risks associated with activist investor involvement.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Utz Brands, Inc.'s future performance or outlook.

Industry Context

This filing is a routine disclosure of passive institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics within the snack food sector. It merely indicates a minor investment by a large asset manager.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, confirming a minor, passive stake by Neuberger Berman Group LLC.
• Management: No direct impact as the ownership is passive and not intended to influence control.

Key Dates

Keywords

Utz Brands, Neuberger Berman, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Advisers, Passive Investment