Boston Trust Walden Corp Acquires 44,279 Shares of The Marzetti Company $MZTI

Boston Trust Walden Corp raised its holdings in shares of The Marzetti Company (NASDAQ:MZTI) by 14.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 344,605 shares of the company’s stock after purchasing an additional 44,279 shares during the period. Boston Trust Walden Corp owned 1.25% of Marzetti worth $59,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MZTI. Wealth Enhancement Advisory Services LLC bought a new position in shares of Marzetti during the fourth quarter valued at approximately $206,000. Opal Wealth Advisors LLC bought a new position in shares of Marzetti during the first quarter valued at approximately $26,000. State of Alaska Department of Revenue grew its holdings in shares of Marzetti by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock valued at $395,000 after buying an additional 55 shares during the last quarter. Blue Trust Inc. increased its position in shares of Marzetti by 20.9% during the first quarter. Blue Trust Inc. now owns 602 shares of the company’s stock valued at $105,000 after acquiring an additional 104 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Marzetti by 7.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $1,383,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 66.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MZTI. Weiss Ratings reissued a “hold (c+)” rating on shares of Marzetti in a research report on Saturday, September 27th. Benchmark raised their price target on shares of Marzetti from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Stephens reissued an “equal weight” rating and set a $190.00 price target on shares of Marzetti in a research report on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Marzetti has a consensus rating of “Hold” and a consensus price target of $206.00.

Marzetti Trading Down 0.5%

Shares of MZTI stock opened at $163.99 on Tuesday. The firm’s 50 day moving average is $177.46 and its 200 day moving average is $174.42. The stock has a market capitalization of $4.51 billion, a P/E ratio of 27.02 and a beta of 0.43. The Marzetti Company has a 12-month low of $156.14 and a 12-month high of $202.63.

Marzetti (NASDAQ:MZTI) last issued its quarterly earnings results on Thursday, August 21st. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. The business had revenue of $475.43 million for the quarter, compared to analysts’ expectations of $455.26 million. Marzetti had a net margin of 8.77% and a return on equity of 18.87%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 EPS. As a group, equities analysts predict that The Marzetti Company will post 6.8 earnings per share for the current year.

Marzetti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, September 8th. Marzetti’s dividend payout ratio (DPR) is currently 62.60%.

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.