Leeward Investments LLC MA Takes Position in The Marzetti Company $MZTI

Leeward Investments LLC MA purchased a new stake in shares of The Marzetti Company (NASDAQ:MZTI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 56,459 shares of the company’s stock, valued at approximately $9,283,000.

A number of other institutional investors and hedge funds have also modified their holdings of MZTI. M&T Bank Corp purchased a new position in shares of Marzetti during the fourth quarter valued at $1,118,569,000. Vanguard Group Inc. purchased a new position in shares of Marzetti during the fourth quarter valued at $367,969,000. Boston Trust Walden Corp purchased a new position in shares of Marzetti during the fourth quarter valued at $43,355,000. Principal Financial Group Inc. purchased a new position in shares of Marzetti during the fourth quarter valued at $40,196,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of Marzetti during the fourth quarter valued at $26,736,000. Hedge funds and other institutional investors own 66.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MZTI. Stephens lowered 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 cut Marzetti from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, DA Davidson reduced their price objective on Marzetti from $184.00 to $168.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.33.

Marzetti Trading Up 0.1%

MZTI opened at $114.39 on Friday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 17.90 and a beta of 0.38. The Marzetti Company has a 1 year low of $111.04 and a 1 year high of $190.96. The stock has a fifty day moving average price of $137.68 and a 200 day moving average price of $155.83.

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.