4,551 Shares in The Marzetti Company $MZTI Acquired by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC purchased a new position in shares of The Marzetti Company (NASDAQ:MZTI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,551 shares of the company’s stock, valued at approximately $748,000.

A number of other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in Marzetti during the 4th quarter worth approximately $1,118,569,000. Vanguard Group Inc. acquired a new position in Marzetti during the 4th quarter worth approximately $367,969,000. Boston Trust Walden Corp acquired a new position in Marzetti during the 4th quarter worth approximately $43,355,000. Principal Financial Group Inc. acquired a new position in Marzetti during the 4th quarter worth approximately $40,196,000. Finally, Goldman Sachs Group Inc. raised its stake in 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 buying an additional 30,731 shares during the period. 66.44% of the stock is owned by institutional investors and hedge funds.

Marzetti Price Performance

Shares of MZTI stock opened at $112.98 on Tuesday. The firm has a 50-day moving average of $135.56 and a 200-day moving average of $155.13. The company has a market cap of $3.10 billion, a P/E ratio of 17.68 and a beta of 0.38. The Marzetti Company has a one year low of $111.04 and a one year high of $190.96.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MZTI shares. Stephens dropped their price target on Marzetti from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen downgraded Marzetti from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, DA Davidson lowered their price objective on Marzetti from $184.00 to $168.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $169.33.

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.