Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $837,000 in The Marzetti Company $MZTI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,090 shares of the company’s stock, valued at approximately $837,000.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Marzetti by 3.8% in the 1st quarter. Royal Bank of Canada now owns 32,626 shares of the company’s stock worth $5,710,000 after buying an additional 1,186 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Marzetti by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,637 shares of the company’s stock worth $2,036,000 after buying an additional 500 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Marzetti by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 221,350 shares of the company’s stock worth $38,736,000 after buying an additional 30,731 shares during the period. United Services Automobile Association bought a new position in Marzetti in the 1st quarter worth $231,000. Finally, Empowered Funds LLC bought a new position in Marzetti in the 1st quarter worth $2,310,000. Institutional investors own 66.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson dropped their target price 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. Weiss Ratings downgraded shares of Marzetti from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Stephens dropped their target price on shares of Marzetti from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marzetti has an average rating of “Hold” and an average target price of $169.33.

Marzetti Stock Up 1.0%

MZTI opened at $110.01 on Wednesday. The firm has a 50-day simple moving average of $124.07 and a two-hundred day simple moving average of $148.71. The Marzetti Company has a 52 week low of $105.80 and a 52 week high of $190.96. The company has a market capitalization of $3.02 billion, a PE ratio of 17.22 and a beta of 0.33.

Marzetti Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th. Marzetti’s dividend payout ratio is 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.