Benjamin Edwards Inc. Purchases Shares of 19,244 The Marzetti Company $MZTI

Benjamin Edwards Inc. acquired a new position in The Marzetti Company (NASDAQ:MZTIFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,244 shares of the company’s stock, valued at approximately $3,164,000.

Several other institutional investors also recently bought and sold shares of the stock. M&T Bank Corp bought a new stake in Marzetti in the fourth quarter valued at approximately $1,118,569,000. Vanguard Group Inc. purchased a new stake in Marzetti in the 4th quarter worth approximately $367,969,000. Boston Trust Walden Corp bought a new stake in shares of Marzetti in the 4th quarter worth approximately $43,355,000. UBS Group AG bought a new stake in shares of Marzetti in the 4th quarter worth approximately $12,519,000. Finally, Vest Financial LLC purchased a new position in shares of Marzetti during the fourth quarter valued at approximately $5,524,000. 66.44% of the stock is currently owned by hedge funds and other institutional investors.

Key Marzetti News

Here are the key news stories impacting Marzetti this week:

Wall Street Analysts Forecast Growth

MZTI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Marzetti from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Marzetti in a research report on Friday, January 9th. Stephens decreased their price objective on shares of Marzetti from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Finally, DA Davidson dropped their target price on shares of Marzetti from $184.00 to $168.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $176.00.

View Our Latest Research Report on Marzetti

Marzetti Stock Up 2.1%

Shares of MZTI stock opened at $118.71 on Wednesday. The business’s fifty day moving average is $144.74 and its 200 day moving average is $158.43. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 18.58 and a beta of 0.38. The Marzetti Company has a twelve month low of $111.04 and a twelve month high of $190.96.

Marzetti (NASDAQ:MZTIGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $2.15 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.08). The firm had revenue of $509.77 million for the quarter. Marzetti had a net margin of 9.06% and a return on equity of 18.12%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis.

Marzetti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, March 6th. Marzetti’s dividend payout ratio (DPR) is 61.26%.

Marzetti Profile

(Free Report)

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.

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Institutional Ownership by Quarter for Marzetti (NASDAQ:MZTI)

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