4,500 Shares in The Marzetti Company $MZTI Acquired by Ade LLC

Ade LLC acquired a new position in The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $740,000.

Several other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Marzetti in the fourth quarter worth approximately $33,000. Lodestone Wealth Management LLC bought a new position in Marzetti during the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC bought a new position in Marzetti during the fourth quarter valued at approximately $52,000. Creative Financial Designs Inc. ADV bought a new position in Marzetti during the fourth quarter valued at approximately $52,000. Finally, Blue Trust Inc. bought a new position in Marzetti during the fourth quarter valued at approximately $57,000. 66.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings cut shares of Marzetti from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Stephens reduced their price target 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, May 6th. Finally, DA Davidson reduced their price target on shares of Marzetti from $184.00 to $168.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Marzetti presently has a consensus rating of “Hold” and an average target price of $169.33.

Marzetti Stock Performance

Shares of Marzetti stock opened at $111.94 on Monday. The Marzetti Company has a 52-week low of $110.31 and a 52-week high of $190.96. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 17.52 and a beta of 0.33. The company’s 50 day moving average price is $128.67 and its 200-day moving average price is $151.81.

Marzetti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.6%. Marzetti’s dividend payout ratio (DPR) is presently 62.60%.

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.