Northwestern Mutual Investment Management Company LLC Purchases New Holdings in The Marzetti Company $MZTI

Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of The Marzetti Company (NASDAQ:MZTI) in the fourth quarter, Holdings Channel reports. The firm purchased 4,551 shares of the company’s stock, valued at approximately $748,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans purchased a new stake in shares of Marzetti during the fourth quarter valued at approximately $31,638,000. Leeward Investments LLC MA purchased a new stake in shares of Marzetti during the fourth quarter valued at approximately $9,283,000. Allworth Financial LP purchased a new stake in shares of Marzetti during the fourth quarter valued at approximately $78,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Marzetti during the fourth quarter valued at approximately $668,000. Finally, Independent Advisor Alliance purchased a new stake in shares of Marzetti during the fourth quarter valued at approximately $235,000. 66.44% of the stock is owned by hedge funds and other institutional investors.

Marzetti Stock Down 0.9%

MZTI opened at $112.98 on Tuesday. The firm has a 50-day moving average price of $135.56 and a 200-day moving average price of $155.13. The Marzetti Company has a twelve month low of $111.04 and a twelve month high of $190.96. The company has a market capitalization 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 analysts recently commented on the company. Stephens decreased their price target on Marzetti from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen lowered Marzetti from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, DA Davidson dropped 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently 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.