F m Investments LLC Acquires Shares of 14,700 The Marzetti Company $MZTI

F m Investments LLC acquired a new stake in shares of The Marzetti Company (NASDAQ:MZTI) in the 4th quarter, HoldingsChannel reports. The firm acquired 14,700 shares of the company’s stock, valued at approximately $2,417,000.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Marzetti during the fourth quarter worth $33,000. Lodestone Wealth Management LLC bought a new stake in shares of Marzetti in the fourth quarter worth $37,000. Farther Finance Advisors LLC bought a new stake in shares of Marzetti in the fourth quarter worth $52,000. Blue Trust Inc. bought a new stake in Marzetti during the fourth quarter valued at $57,000. Finally, Nisa Investment Advisors LLC bought a new stake in Marzetti during the fourth quarter valued at $62,000. 66.44% of the stock is currently owned by institutional investors and hedge funds.

Marzetti Stock Down 2.8%

Marzetti stock opened at $113.69 on Friday. The firm has a 50 day moving average price of $142.84 and a 200-day moving average price of $157.73. The company has a market capitalization of $3.12 billion, a P/E ratio of 17.79 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $4.00 annualized dividend and a yield of 3.5%. Marzetti’s dividend payout ratio (DPR) is 62.60%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MZTI. Stephens cut their price objective on shares of Marzetti from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wall Street Zen lowered shares of Marzetti from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, DA Davidson decreased their price objective on shares of Marzetti from $184.00 to $168.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Marzetti presently has an average rating of “Hold” and a consensus target price of $169.33.

Marzetti 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.