Fuller & Thaler Asset Management Inc. Has $4.96 Million Stock Position in The Marzetti Company $MZTI

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in The Marzetti Company (NASDAQ:MZTI) by 15.2%, now owning 28,329 shares valued at approximately $4,958,000.
• Analysts have mixed opinions on Marzetti, with Wall Street Zen downgrading the stock from a "buy" to a "hold," while others upgraded their ratings, giving it an average rating of "Moderate Buy" with a target price of $203.50.
• Marzetti recently declared a quarterly dividend of $0.95 per share, yielding about 2.1%, with a payout ratio of 61.79%.

Fuller & Thaler Asset Management Inc. increased its holdings in shares of The Marzetti Company (NASDAQ:MZTI - Free Report) by 15.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,329 shares of the company's stock after acquiring an additional 3,736 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.10% of Marzetti worth $4,958,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MZTI. Opal Wealth Advisors LLC bought a new stake in Marzetti during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Marzetti during the 1st quarter worth approximately $29,000. Headlands Technologies LLC bought a new stake in Marzetti during the 1st quarter worth approximately $44,000. Blue Trust Inc. grew its position in Marzetti by 20.9% during the 1st quarter. Blue Trust Inc. now owns 602 shares of the company's stock worth $105,000 after acquiring an additional 104 shares during the last quarter. Finally, Significant Wealth Partners LLC bought a new stake in Marzetti during the 1st quarter worth approximately $204,000. 66.44% of the stock is currently owned by institutional investors.

Marzetti Stock Performance

MZTI traded down $0.65 during mid-day trading on Tuesday, reaching $184.43. The stock had a trading volume of 22,915 shares, compared to its average volume of 161,723. The stock has a market capitalization of $5.08 billion, a P/E ratio of 30.38 and a beta of 0.47. The firm's fifty day simple moving average is $174.50 and its two-hundred day simple moving average is $176.80. The Marzetti Company has a 52 week low of $156.14 and a 52 week high of $202.63.

Marzetti (NASDAQ:MZTI - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. The company had revenue of $475.43 million for the quarter, compared to the consensus estimate of $455.26 million. Marzetti had a return on equity of 18.87% and a net margin of 8.77%.The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. As a group, analysts expect that The Marzetti Company will post 6.8 EPS for the current fiscal year.

Marzetti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.1%. Marzetti's dividend payout ratio is 62.60%.

Wall Street Analyst Weigh In

MZTI has been the topic of a number of research analyst reports. Stephens decreased their price target on Marzetti from $200.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen lowered Marzetti from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Benchmark increased their price objective on Marzetti from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $207.25.

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.