UBS Group AG purchased a new stake in shares of The Marzetti Company (NASDAQ:MZTI – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 76,139 shares of the company’s stock, valued at approximately $12,519,000.
Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Marzetti in the fourth quarter worth about $33,000. Lodestone Wealth Management LLC purchased a new stake in Marzetti in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC acquired a new position in Marzetti in the 4th quarter worth approximately $52,000. Blue Trust Inc. purchased a new position in Marzetti during the 4th quarter worth approximately $57,000. Finally, Nisa Investment Advisors LLC purchased a new position in Marzetti during the 4th quarter worth approximately $62,000. 66.44% of the stock is owned by institutional investors and hedge funds.
Marzetti Trading Up 0.1%
Shares of NASDAQ:MZTI opened at $114.39 on Friday. The Marzetti Company has a 12-month low of $111.04 and a 12-month high of $190.96. The business has a 50 day moving average of $137.68 and a two-hundred day moving average of $155.83. The company has a market capitalization of $3.14 billion, a PE ratio of 17.90 and a beta of 0.38.
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About Marzetti
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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