Deutsche Bank AG purchased a new stake in shares of The Marzetti Company (NASDAQ:MZTI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,163 shares of the company's stock, valued at approximately $3,443,000. Deutsche Bank AG owned approximately 0.11% of Marzetti at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Marzetti in the 2nd quarter worth about $56,000. GSA Capital Partners LLP acquired a new stake in Marzetti in the second quarter valued at approximately $513,000. GAMMA Investing LLC grew its holdings in Marzetti by 148.5% in the second quarter. GAMMA Investing LLC now owns 1,230 shares of the company's stock valued at $140,000 after purchasing an additional 735 shares during the period. Versant Capital Management Inc increased its position in shares of Marzetti by 447.8% in the second quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $43,000 after buying an additional 309 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Marzetti by 94.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,106 shares of the company's stock valued at $153,000 after buying an additional 536 shares in the last quarter. 66.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Marzetti
In other Marzetti news, insider Luis Viso sold 1,221 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $109.31, for a total transaction of $133,467.51. Following the transaction, the insider directly owned 1,924 shares in the company, valued at $210,312.44. This represents a 38.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.10% of the company's stock.
Key Marzetti News
Here are the key news stories impacting Marzetti this week:
- Positive Sentiment: Marzetti reported quarterly adjusted earnings of $1.46 per share on revenue of approximately $465.0 million. Adjusted earnings increased 9%, while improved margins and new product launches helped offset the sales decline. Marzetti Stock Confirms Reversal on Earnings Strength, Dividend Growth
- Positive Sentiment: Management expects gross margin to expand by about 100 basis points in fiscal 2027, supporting the outlook for continued profitability. The company’s dividend-growth record and reported institutional buying may also provide support for the stock. Marzetti expects 100 bps gross margin growth in fiscal 2027
- Neutral Sentiment: Stephens reaffirmed its “equal weight” rating and set a $140 price target, while DA Davidson maintained a “neutral” view with a $130 target. Both targets remain above the referenced share price, but the DA Davidson reduction from $168 signals lower expectations for near-term upside.
- Negative Sentiment: Consolidated fourth-quarter sales declined 2.2% to $465.0 million. Although sales increased after excluding the prior year’s temporary $12.2 million Winland Foods supply-agreement revenue, the headline miss versus analyst expectations likely pressured the shares. The Marzetti Company Reports Fourth Quarter and Fiscal Year Results
- Negative Sentiment: Management warned that Cyclospora-related costs could create an approximately 250-basis-point gross-margin headwind in the first quarter of fiscal 2027, temporarily offsetting the expected full-year margin gains.
Marzetti Stock Performance
NASDAQ MZTI opened at $113.45 on Thursday. The stock's fifty day moving average is $111.84 and its two-hundred day moving average is $127.06. The firm has a market capitalization of $3.11 billion, a P/E ratio of 16.28 and a beta of 0.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.70 and a current ratio of 1.56. The Marzetti Company has a fifty-two week low of $104.28 and a fifty-two week high of $186.95.
Marzetti (NASDAQ:MZTI - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported $1.46 earnings per share (EPS) for the quarter. The firm had revenue of $465.03 million during the quarter. Marzetti had a net margin of 9.93% and a return on equity of 18.22%.
Marzetti Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 8th. Marzetti's dividend payout ratio is currently 62.60%.
Analyst Ratings Changes
Several brokerages recently commented on MZTI. Stephens reissued an "equal weight" rating and issued a $140.00 price target on shares of Marzetti in a report on Wednesday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Marzetti in a report on Monday, August 17th. Finally, DA Davidson dropped their target price on shares of Marzetti from $168.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $135.00.
Check Out Our Latest Report on Marzetti
About Marzetti
(
Free Report)
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.
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