Wolff Financial Management LLC Acquires Shares of 24,473 The Marzetti Company $MZTI

Wolff Financial Management LLC acquired a new stake in shares of The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 24,473 shares of the company’s stock, valued at approximately $4,024,000. Marzetti makes up about 0.9% of Wolff Financial Management LLC’s portfolio, making the stock its 18th biggest position. Wolff Financial Management LLC owned approximately 0.09% of Marzetti at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Marzetti during the 4th quarter valued at approximately $33,000. Lodestone Wealth Management LLC bought a new stake in Marzetti during the 4th quarter valued at approximately $37,000. Farther Finance Advisors LLC bought a new stake in Marzetti during the 4th quarter valued at approximately $52,000. Blue Trust Inc. bought a new stake in Marzetti during the 4th quarter valued at approximately $57,000. Finally, Nisa Investment Advisors LLC bought a new stake in Marzetti during the 4th quarter valued at approximately $62,000. 66.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MZTI has been the topic of several research reports. Wall Street Zen cut Marzetti from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Stephens cut their price objective on Marzetti from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, DA Davidson cut their price objective on Marzetti from $184.00 to $168.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marzetti has an average rating of “Hold” and a consensus price target of $169.33.

Marzetti Stock Performance

MZTI stock opened at $112.98 on Tuesday. The Marzetti Company has a 52-week low of $111.04 and a 52-week high of $190.96. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 17.68 and a beta of 0.38. The firm has a 50 day moving average price of $135.56 and a 200-day moving average price of $155.13.

Marzetti Company Profile

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.