Universal Beteiligungs und Servicegesellschaft mbH Takes Position in The Marzetti Company $MZTI

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of The Marzetti Company (NASDAQ:MZTI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,820 shares of the company’s stock, valued at approximately $2,108,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Marzetti in the fourth quarter worth about $33,000. Lodestone Wealth Management LLC acquired a new position in shares of Marzetti in the fourth quarter worth about $37,000. Farther Finance Advisors LLC acquired a new position in shares of Marzetti in the fourth quarter worth about $52,000. Blue Trust Inc. acquired a new position in shares of Marzetti in the fourth quarter worth about $57,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Marzetti in the fourth quarter worth about $62,000. 66.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MZTI has been the topic of several research analyst reports. Wall Street Zen cut Marzetti from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Marzetti in a report on Friday, January 9th. Stephens decreased their price target 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 decreased their price target on shares of Marzetti from $184.00 to $168.00 and set a “neutral” rating for the company in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $176.00.

Marzetti Stock Down 4.5%

NASDAQ MZTI opened at $124.38 on Friday. The stock has a market capitalization of $3.41 billion, a PE ratio of 19.05 and a beta of 0.47. The company has a 50 day moving average price of $145.69 and a two-hundred day moving average price of $158.84. The Marzetti Company has a 12-month low of $122.63 and a 12-month high of $190.96.

Marzetti (NASDAQ:MZTI) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.08). Marzetti had a return on equity of 18.55% and a net margin of 9.25%.The firm had revenue of $509.77 million during the quarter. The firm’s revenue was up 1.7% compared to the same quarter last year.

Marzetti Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, March 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. Marzetti’s payout ratio is 61.26%.

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.