Headlands Technologies LLC Makes New Investment in The Marzetti Company (NASDAQ:MZTI)

Headlands Technologies LLC bought a new position in The Marzetti Company (NASDAQ:MZTI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 252 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Marzetti in the first quarter worth $26,000. Blue Trust Inc. raised its stake in shares of Marzetti by 20.9% in the first quarter. Blue Trust Inc. now owns 602 shares of the company’s stock worth $105,000 after purchasing an additional 104 shares during the last quarter. Significant Wealth Partners LLC purchased a new position in shares of Marzetti in the first quarter worth $204,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Marzetti in the fourth quarter worth $206,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Marzetti by 12.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,235 shares of the company’s stock worth $214,000 after purchasing an additional 137 shares during the last quarter. 66.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MZTI has been the subject of several recent analyst reports. Benchmark upgraded Marzetti from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Thursday, May 1st. Stephens decreased their price target on Marzetti from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen cut Marzetti from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $203.50.

Marzetti Stock Performance

Marzetti stock opened at $180.75 on Wednesday. The stock has a market cap of $4.98 billion, a PE ratio of 29.39 and a beta of 0.47. The Marzetti Company has a one year low of $156.14 and a one year high of $202.63. The stock has a fifty day moving average of $172.10 and a 200 day moving average of $176.44.

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.