8,320 Shares in The Marzetti Company $MZTI Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in The Marzetti Company (NASDAQ:MZTI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,320 shares of the company’s stock, valued at approximately $1,368,000.

A number of other large investors have also modified their holdings of MZTI. M&T Bank Corp bought a new position in Marzetti in the 4th quarter valued at about $1,118,569,000. Vanguard Group Inc. bought a new position in Marzetti in the 4th quarter valued at about $367,969,000. Geode Capital Management LLC bought a new position in Marzetti in the 4th quarter valued at about $103,681,000. William Blair Investment Management LLC bought a new position in Marzetti in the 4th quarter valued at about $90,041,000. Finally, Boston Trust Walden Corp bought a new position in Marzetti in the 4th quarter valued at about $43,355,000. Institutional investors and hedge funds own 66.44% of the company’s stock.

Marzetti Trading Up 0.8%

NASDAQ:MZTI opened at $107.36 on Friday. The Marzetti Company has a twelve month low of $105.80 and a twelve month high of $190.96. The company has a 50-day moving average of $125.27 and a 200-day moving average of $149.70. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 16.80 and a beta of 0.33.

Marzetti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, June 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.7%. Marzetti’s dividend payout ratio (DPR) is 62.60%.

Analyst Ratings Changes

MZTI has been the subject of a number of recent analyst reports. DA Davidson decreased 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 decreased 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $169.33.

About Marzetti

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.