Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires Shares of 5,090 The Marzetti Company $MZTI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,090 shares of the company’s stock, valued at approximately $837,000.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Marzetti during the 4th quarter valued at about $33,000. Lodestone Wealth Management LLC purchased a new stake in shares of Marzetti during the 4th quarter valued at about $37,000. Farther Finance Advisors LLC purchased a new stake in shares of Marzetti during the 4th quarter valued at about $52,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Marzetti during the 4th quarter valued at about $52,000. Finally, Blue Trust Inc. purchased a new stake in shares of Marzetti during the 4th quarter valued at about $57,000. 66.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MZTI. Stephens reduced their price objective 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. DA Davidson reduced their price objective 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. 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 investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $169.33.

Marzetti Stock Performance

Shares of NASDAQ:MZTI opened at $110.01 on Wednesday. The firm has a market cap of $3.02 billion, a PE ratio of 17.22 and a beta of 0.33. The firm’s 50 day simple moving average is $124.07 and its 200-day simple moving average is $148.71. The Marzetti Company has a one year low of $105.80 and a one year high of $190.96.

Marzetti Dividend Announcement

The business also recently announced 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 of this dividend is Friday, June 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.6%. Marzetti’s dividend payout ratio (DPR) is 62.60%.

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.