Landscape Capital Management L.L.C. Buys New Position in The Marzetti Company $MZTI

Landscape Capital Management L.L.C. bought a new stake in shares of The Marzetti Company (NASDAQ:MZTI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,273 shares of the company’s stock, valued at approximately $3,004,000. Landscape Capital Management L.L.C. owned 0.07% of Marzetti at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Clarity Asset Management Inc. bought a new stake in Marzetti during the fourth quarter valued at approximately $60,000. Entropy Technologies LP bought a new stake in Marzetti during the fourth quarter valued at approximately $1,634,000. Arax Advisory Partners bought a new stake in Marzetti during the fourth quarter valued at approximately $185,000. Barclays PLC bought a new stake in Marzetti during the fourth quarter valued at approximately $9,725,000. Finally, Kestra Advisory Services LLC bought a new stake in Marzetti during the fourth quarter valued at approximately $65,000. 66.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marzetti

In other Marzetti news, insider Luis Viso sold 1,221 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $109.31, for a total value of $133,467.51. Following the completion of the transaction, the insider directly owned 1,924 shares in the company, valued at $210,312.44. This represents a 38.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 29.10% of the stock is currently owned by insiders.

Marzetti Price Performance

MZTI opened at $111.61 on Monday. The firm has a market cap of $3.06 billion, a P/E ratio of 17.47 and a beta of 0.33. The Marzetti Company has a 1-year low of $105.80 and a 1-year high of $190.96. The company has a 50 day simple moving average of $122.35 and a two-hundred day simple moving average of $147.44.

Marzetti Dividend Announcement

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

Analyst Upgrades and Downgrades

MZTI has been the subject of several recent research reports. DA Davidson cut their target price on shares of Marzetti from $184.00 to $168.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Stephens cut their target price on shares of Marzetti from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Marzetti from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Marzetti presently has a consensus rating of “Hold” and an average 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.