Deutsche Bank AG Decreases Holdings in The Marzetti Company $MZTI

Deutsche Bank AG trimmed its stake in shares of The Marzetti Company (NASDAQ:MZTI) by 9.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,793 shares of the company’s stock after selling 1,592 shares during the period. Deutsche Bank AG owned 0.06% of Marzetti worth $2,764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in Marzetti by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock valued at $395,000 after purchasing an additional 55 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Marzetti by 5.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,609 shares of the company’s stock valued at $279,000 after acquiring an additional 77 shares during the period. Captrust Financial Advisors raised its stake in shares of Marzetti by 3.6% in the 4th quarter. Captrust Financial Advisors now owns 2,323 shares of the company’s stock valued at $402,000 after acquiring an additional 80 shares during the period. State of Michigan Retirement System raised its stake in shares of Marzetti by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 4,632 shares of the company’s stock valued at $811,000 after acquiring an additional 100 shares during the period. Finally, Securian Asset Management Inc. raised its stake in shares of Marzetti by 7.2% in the 1st quarter. Securian Asset Management Inc. now owns 1,497 shares of the company’s stock valued at $262,000 after acquiring an additional 100 shares during the period. 66.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MZTI has been the topic of a number of research analyst reports. Stephens reduced their price target on shares of Marzetti from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen cut shares of Marzetti from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, Benchmark upgraded shares of Marzetti from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.50.

Marzetti Price Performance

Marzetti stock opened at $180.48 on Wednesday. The Marzetti Company has a 12-month low of $156.14 and a 12-month high of $202.63. The stock has a market capitalization of $4.98 billion, a P/E ratio of 29.35 and a beta of 0.47. The firm’s 50-day moving average is $173.36 and its two-hundred day moving average is $176.82.

Marzetti Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 8th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, September 8th. Marzetti’s payout ratio is 61.79%.

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.