Teachers Retirement System of The State of Kentucky Invests $1.10 Million in The Marzetti Company $MZTI

Teachers Retirement System of The State of Kentucky bought a new position in The Marzetti Company (NASDAQ:MZTI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,663 shares of the company’s stock, valued at approximately $1,096,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Marzetti in the fourth quarter worth about $33,000. Lodestone Wealth Management LLC bought a new position in shares of Marzetti in the fourth quarter worth about $37,000. Farther Finance Advisors LLC bought a new position in shares of Marzetti in the fourth quarter worth about $52,000. Blue Trust Inc. bought a new position in shares of Marzetti in the fourth quarter worth about $57,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Marzetti in the fourth quarter worth about $62,000. Institutional investors own 66.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stephens dropped their target price on shares of Marzetti from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday. 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. Wall Street Zen cut shares of Marzetti from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marzetti in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Marzetti presently has an average rating of “Hold” and a consensus price target of $176.00.

Marzetti Stock Up 1.2%

Shares of MZTI stock opened at $128.50 on Thursday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 19.68 and a beta of 0.47. The Marzetti Company has a 52 week low of $124.25 and a 52 week high of $190.96. The firm has a 50 day moving average of $146.35 and a 200-day moving average of $159.04.

Marzetti (NASDAQ:MZTI) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $2.15 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.08). The company had revenue of $509.77 million for the quarter. Marzetti had a return on equity of 18.55% and a net margin of 9.25%.Marzetti’s quarterly revenue was up 1.7% on a year-over-year basis.

Marzetti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.1%. Marzetti’s dividend payout ratio (DPR) is 61.26%.

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.