192,418 Shares in The Marzetti Company $MZTI Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new position in The Marzetti Company (NASDAQ:MZTI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 192,418 shares of the company’s stock, valued at approximately $31,638,000. Thrivent Financial for Lutherans owned approximately 0.70% of Marzetti as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Marzetti in the fourth quarter valued at approximately $33,000. Lodestone Wealth Management LLC acquired a new position in Marzetti in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC acquired a new position in Marzetti in the fourth quarter valued at approximately $52,000. Blue Trust Inc. acquired a new position in Marzetti in the fourth quarter valued at approximately $57,000. Finally, Nisa Investment Advisors LLC acquired a new position in Marzetti in the fourth quarter valued at approximately $62,000. 66.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen downgraded Marzetti from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Stephens decreased their target price on Marzetti from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, DA Davidson decreased their target price 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 investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $169.33.

Marzetti Price Performance

Shares of NASDAQ:MZTI opened at $114.01 on Monday. The Marzetti Company has a 12 month low of $111.04 and a 12 month high of $190.96. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 17.84 and a beta of 0.38. The stock’s 50 day moving average price is $136.60 and its 200 day moving average price is $155.49.

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.