Thrivent Financial for Lutherans Purchases Shares of 192,418 The Marzetti Company $MZTI

Thrivent Financial for Lutherans purchased a new stake in The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 192,418 shares of the company’s stock, valued at approximately $31,638,000.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Marzetti in the fourth quarter valued at $33,000. Lodestone Wealth Management LLC bought a new position in shares of Marzetti in the fourth quarter valued at $37,000. Farther Finance Advisors LLC bought a new position in shares of Marzetti in the fourth quarter valued at $52,000. Blue Trust Inc. bought a new position in shares of Marzetti in the fourth quarter valued at $57,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Marzetti in the fourth quarter valued at $62,000. Institutional investors own 66.44% of the company’s stock.

Marzetti Stock Performance

Shares of MZTI opened at $114.01 on Monday. The company has a 50-day simple moving average of $136.60 and a 200-day simple moving average of $155.49. The firm has a market capitalization of $3.13 billion, a P/E ratio of 17.84 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.

Wall Street Analysts Forecast Growth

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