24,473 Shares in The Marzetti Company $MZTI Acquired by Wolff Financial Management LLC

Wolff Financial Management LLC acquired a new position in The Marzetti Company (NASDAQ:MZTI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,473 shares of the company’s stock, valued at approximately $4,024,000. Marzetti comprises 0.9% of Wolff Financial Management LLC’s portfolio, making the stock its 18th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the company. Summit Wealth Group LLC purchased a new position in Marzetti in the 4th quarter worth approximately $415,000. HighTower Advisors LLC purchased a new stake in Marzetti during the 4th quarter valued at $535,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Marzetti during the 4th quarter valued at $386,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in Marzetti during the 4th quarter valued at $748,000. Finally, Thrivent Financial for Lutherans purchased a new stake in Marzetti during the 4th quarter valued at $31,638,000. 66.44% of the stock is currently owned by hedge funds and other institutional investors.

Marzetti Price Performance

Shares of MZTI stock opened at $112.98 on Tuesday. The Marzetti Company has a 1 year low of $111.04 and a 1 year high of $190.96. The firm has a fifty day moving average price of $135.56 and a 200-day moving average price of $155.13. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 17.68 and a beta of 0.38.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MZTI. 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 note on Monday, March 16th. Wall Street Zen lowered shares of Marzetti from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, 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 note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.