UBS Group AG Acquires New Holdings in The Marzetti Company $MZTI

UBS Group AG bought a new stake in The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 76,139 shares of the company’s stock, valued at approximately $12,519,000. UBS Group AG owned about 0.28% of Marzetti at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. M&T Bank Corp bought a new stake in shares of Marzetti in the 4th quarter valued at about $1,118,569,000. Vanguard Group Inc. bought a new position in shares of Marzetti during the 4th quarter worth approximately $367,969,000. Boston Trust Walden Corp bought a new position in shares of Marzetti during the 4th quarter worth approximately $43,355,000. Goldman Sachs Group Inc. lifted its position in Marzetti by 16.1% during the first quarter. Goldman Sachs Group Inc. now owns 221,350 shares of the company’s stock valued at $38,736,000 after acquiring an additional 30,731 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in Marzetti in the fourth quarter valued at approximately $4,014,000. 66.44% of the stock is owned by hedge funds and other institutional investors.

Marzetti Stock Up 0.1%

MZTI stock opened at $114.39 on Friday. The firm has a 50 day moving average of $137.68 and a 200 day moving average of $155.83. The stock has a market capitalization of $3.14 billion, a PE ratio of 17.90 and a beta of 0.38. The Marzetti Company has a 52 week low of $111.04 and a 52 week high of $190.96.

Analysts Set New Price Targets

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