Leeward Investments LLC MA Buys Shares of 56,459 The Marzetti Company $MZTI

Leeward Investments LLC MA bought a new stake in shares of The Marzetti Company (NASDAQ:MZTI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,459 shares of the company’s stock, valued at approximately $9,283,000. Leeward Investments LLC MA owned approximately 0.20% of Marzetti at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in Marzetti during the 4th quarter valued at $78,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Marzetti during the 4th quarter valued at $668,000. Independent Advisor Alliance acquired a new position in shares of Marzetti during the 4th quarter valued at $235,000. Atlantic Union Bankshares Corp acquired a new position in shares of Marzetti during the 4th quarter valued at $137,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Marzetti during the 4th quarter valued at $207,000. Institutional investors own 66.44% of the company’s stock.

Marzetti Stock Performance

Shares of MZTI stock opened at $114.39 on Friday. The stock has a market cap of $3.14 billion, a PE ratio of 17.90 and a beta of 0.38. The business’s fifty day moving average is $137.68 and its 200-day moving average is $155.83. The Marzetti Company has a 1 year low of $111.04 and a 1 year high of $190.96.

Wall Street Analyst Weigh In

MZTI has been the topic of several research analyst reports. DA Davidson lowered their price target on Marzetti from $184.00 to $168.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Wall Street Zen cut Marzetti from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Stephens lowered their price target on Marzetti from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.