Truist Financial Corp Invests $1.27 Million in The Marzetti Company $MZTI

Truist Financial Corp purchased a new position in shares of The Marzetti Company (NASDAQ:MZTI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,708 shares of the company’s stock, valued at approximately $1,267,000.

Several other hedge funds have also recently modified their holdings of the stock. M&T Bank Corp acquired a new position in shares of Marzetti during the 4th quarter worth about $1,118,569,000. Vanguard Group Inc. acquired a new position in shares of Marzetti during the 4th quarter worth about $367,969,000. Boston Trust Walden Corp acquired a new position in shares of Marzetti during the 4th quarter worth about $43,355,000. Goldman Sachs Group Inc. raised its position in shares of Marzetti by 16.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 221,350 shares of the company’s stock worth $38,736,000 after purchasing an additional 30,731 shares during the last quarter. Finally, UBS Group AG acquired a new position in shares of Marzetti during the 4th quarter worth about $12,519,000. Institutional investors and hedge funds own 66.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. DA Davidson reduced their price target 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 reduced their price target 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, Wall Street Zen downgraded shares of Marzetti from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One investment 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, the stock currently has a consensus rating of “Hold” and an average target price of $169.33.

Marzetti Stock Down 0.3%

NASDAQ:MZTI opened at $114.01 on Friday. The Marzetti Company has a 52 week low of $111.04 and a 52 week high of $190.96. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 17.84 and a beta of 0.38. The stock’s fifty day moving average is $136.60 and its two-hundred day moving average is $155.54.

Marzetti Company 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.