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MZTI Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About MZTI Interactive Breakdown Better Bets vs. MZTI Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Trade Sentinel Industry Resource Links External Quote Links

Marzetti (MZTI)

Market Price (3/15/2026): $151.44 | Market Cap: $4.1 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Marzetti (MZTI)

Market Price (3/15/2026): $151.44
Market Cap: $4.1 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 2.6%, FCF Yield is 5.5%		 Weak multi-year price returns
2Y Excs Rtn is -55%, 3Y Excs Rtn is -84%		 
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%		  
2 Low stock price volatility
Vol 12M is 29%		  
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more.		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 2.6%, FCF Yield is 5.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%
2 Low stock price volatility
Vol 12M is 29%
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -55%, 3Y Excs Rtn is -84%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Marzetti (MZTI) stock has lost about 10% since 11/30/2025 because of the following key factors:

1. Marzetti's Q2 Fiscal Year 2026 Earnings Miss and Subsequent Stock Drop.

The company reported its Q2 FY2026 earnings on February 3, 2026, with an actual earnings per share (EPS) of $2.15, missing analysts' consensus estimates of $2.23 by approximately 3.4%. Despite reported revenue of $518 million closely aligning with projections, this earnings miss contributed to a notable 10.58% decrease in Marzetti's stock price on the day of the announcement.

2. Year-over-Year Decline in Sales Volume.

In its Q2 FY2026 (corresponding to Q4 CY2025), Marzetti experienced a 3.1% year-over-year drop in sales volume. This decline in sales volume is a critical concern for a consumer staples company, signaling potential challenges in maintaining consumer demand and contributing to a 1.1% dip in retail net sales, which was partially attributed to softer demand during a U.S. government shutdown.

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Stock Movement Drivers

Fundamental Drivers

The -8.2% change in MZTI stock from 11/30/2025 to 3/13/2026 was primarily driven by a -13.5% change in the company's P/E Multiple.
(LTM values as of)113020253132026Change
Stock Price ($)164.92151.45-8.2%
Change Contribution By: 
Total Revenues ($ Mil)1,9361,9450.4%
Net Income Margin (%)8.8%9.3%5.5%
P/E Multiple26.723.1-13.5%
Shares Outstanding (Mil)27270.2%
Cumulative Contribution-8.2%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/13/2026
ReturnCorrelation
MZTI-8.2% 
Market (SPY)-3.1%14.9%
Sector (XLP)6.8%17.3%

Fundamental Drivers

The -15.6% change in MZTI stock from 8/31/2025 to 3/13/2026 was primarily driven by a -21.7% change in the company's P/E Multiple.
(LTM values as of)83120253132026Change
Stock Price ($)179.46151.45-15.6%
Change Contribution By: 
Total Revenues ($ Mil)1,9091,9451.9%
Net Income Margin (%)8.8%9.3%5.5%
P/E Multiple29.423.1-21.7%
Shares Outstanding (Mil)27270.2%
Cumulative Contribution-15.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/13/2026
ReturnCorrelation
MZTI-15.6% 
Market (SPY)3.0%-1.5%
Sector (XLP)5.6%24.3%

Fundamental Drivers

The -18.5% change in MZTI stock from 2/28/2025 to 3/13/2026 was primarily driven by a -29.2% change in the company's P/E Multiple.
(LTM values as of)22820253132026Change
Stock Price ($)185.88151.45-18.5%
Change Contribution By: 
Total Revenues ($ Mil)1,9001,9452.3%
Net Income Margin (%)8.3%9.3%12.1%
P/E Multiple32.623.1-29.2%
Shares Outstanding (Mil)27270.3%
Cumulative Contribution-18.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/13/2026
ReturnCorrelation
MZTI-18.5% 
Market (SPY)12.4%17.6%
Sector (XLP)4.0%27.8%

Fundamental Drivers

The -15.7% change in MZTI stock from 2/28/2023 to 3/13/2026 was primarily driven by a -52.2% change in the company's P/E Multiple.
(LTM values as of)22820233132026Change
Stock Price ($)179.57151.45-15.7%
Change Contribution By: 
Total Revenues ($ Mil)1,7591,94510.6%
Net Income Margin (%)5.8%9.3%59.3%
P/E Multiple48.323.1-52.2%
Shares Outstanding (Mil)27270.3%
Cumulative Contribution-15.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/13/2026
ReturnCorrelation
MZTI-15.7% 
Market (SPY)73.4%21.9%
Sector (XLP)26.5%31.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MZTI Return-8%22%-14%6%-3%-6%-7%
Peers Return4%16%-17%-1%-19%-4%-23%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
MZTI Win Rate67%58%58%58%50%33% 
Peers Win Rate48%68%40%48%37%47% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
MZTI Max Drawdown-19%-28%-18%-2%-8%-6% 
Peers Max Drawdown-11%-11%-28%-9%-23%-9% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: KHC, CAG, MKC, CPB, SJM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventMZTIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-40.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven67.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven151 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-24.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven31.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven63 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-27.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven38.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven579 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-42.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven72.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven165 days1,480 days

Compare to KHC, CAG, MKC, CPB, SJM

In The Past

Marzetti's stock fell -40.4% during the 2022 Inflation Shock from a high on 7/16/2021. A -40.4% loss requires a 67.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Marzetti (MZTI)

Lancaster Colony Corporation manufactures and markets food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It 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, Cardini's, and Girard's; flatbread wraps and pizza crusts under the Flatout brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti; frozen pasta under the Marzetti Frozen Pasta brand; and vegetable and fruit dips under the Marzetti brand. In addition, it manufactures and sells other products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces and Chick-fil-A sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.

AI Analysis | Feedback

A smaller Kraft Heinz or General Mills, focused on popular brands like Marzetti salad dressings and Sister Schubert's rolls.

The company behind many grocery store staples like salad dressings, dips, and frozen baked goods, similar to a more specialized Conagra Brands.

A food manufacturer similar to Campbell Soup Company, but specializing in sauces, dressings, and frozen bread products for retail and foodservice.

AI Analysis | Feedback

  • Frozen Garlic Bread: A savory bread product often served as an appetizer or side dish.
  • Frozen Rolls: Ready-to-bake Parkerhouse style yeast and dinner rolls.
  • Salad Dressings: A variety of dressings sold under multiple brands for salads.
  • Flatbreads and Pizza Crusts: Flexible flatbread wraps and ready-to-use pizza crusts.
  • Croutons and Salad Toppings: Crispy bread pieces and other additions for enhancing salads.
  • Frozen Pasta: Convenient, ready-to-cook pasta products.
  • Vegetable and Fruit Dips: Flavorful dips designed for pairing with vegetables and fruits.
  • Licensed Brand Sauces and Dressings: Sauces and dressings manufactured under agreements with popular restaurant brands like Olive Garden, Buffalo Wild Wings, and Chick-fil-A.

AI Analysis | Feedback

Lancaster Colony Corporation (MZTI) primarily sells its food products to other companies rather than directly to individuals. Based on the provided background, its major customers are broadly categorized as:

  • Retailers: This category includes various grocery stores, supermarkets, and other retail establishments that purchase Lancaster Colony's products for resale to consumers.
  • Restaurants: This category encompasses a wide range of foodservice operators, from major restaurant chains to independent establishments, that use Lancaster Colony's products in their menus or operations.

The provided company description does not list specific names of individual customer companies or their public symbols.

AI Analysis | Feedback

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The rise of alternative food acquisition and consumption models, such as meal kit delivery services and direct-to-consumer (DTC) food brands. These models bypass traditional grocery retail channels and offer curated or customized food solutions directly to consumers, potentially reducing reliance on conventional packaged goods like those offered by Lancaster Colony.

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Better Bets vs. Marzetti (MZTI)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Marzetti Earnings Notes12/29/2026
2How Low Can Marzetti Stock Really Go?10/17/2025
Title
0ARTICLES

Trade Ideas

Select ideas related to MZTI.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BRBR_2272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG02272026BRBRBellRing BrandsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap		0.0%0.0%0.0%
STZ_2132026_Dip_Buyer_FCFYield02132026STZConstellation BrandsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		5.7%5.7%0.0%
KMB_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026KMBKimberly-ClarkInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		1.9%1.9%-1.7%
AVO_2062026_Insider_Buying_GTE_1Mil_EBITp+DE_V202062026AVOMission ProduceInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		1.1%1.1%-2.7%
CALM_1022026_Dip_Buyer_FCFYield01022026CALMCal-Maine FoodsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		12.0%12.0%-7.7%

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Peer Comparisons

Peers to compare with:

Financials

MZTIKHCCAGMKCCPBSJMMedian
NameMarzetti Kraft He.Conagra .McCormickCampbell.JM Smuck. 
Mkt Price151.4522.5816.4158.2921.71106.0840.44
Mkt Cap4.126.77.915.76.511.39.6
Rev LTM1,94524,94211,2346,84010,1588,9279,542
Op Inc LTM2314,6371,3171,0921,2941,2821,288
FCF LTM2293,661876740687971808
FCF 3Y Avg1883,2151,189787698810799
CFO LTM2924,4621,2699621,1301,2881,199
CFO 3Y Avg2524,2071,5791,0401,1521,2591,206

Growth & Margins

MZTIKHCCAGMKCCPBSJMMedian
NameMarzetti Kraft He.Conagra .McCormickCampbell.JM Smuck. 
Rev Chg LTM2.3%-3.5%-5.8%1.7%2.7%1.6%1.7%
Rev Chg 3Y Avg3.4%-2.0%-2.2%2.5%4.5%2.4%2.5%
Rev Chg Q1.7%-3.4%-6.8%2.9%-3.4%7.0%-0.8%
QoQ Delta Rev Chg LTM0.4%-0.9%-1.9%0.8%-0.9%1.7%-0.2%
Op Mgn LTM11.9%18.6%11.7%16.0%12.7%14.4%13.5%
Op Mgn 3Y Avg11.2%19.6%14.8%15.7%12.9%16.9%15.3%
QoQ Delta Op Mgn LTM0.0%-0.9%-0.2%-0.0%-0.5%-0.8%-0.3%
CFO/Rev LTM15.0%17.9%11.3%14.1%11.1%14.4%14.2%
CFO/Rev 3Y Avg13.2%16.3%13.4%15.4%11.8%14.6%14.0%
FCF/Rev LTM11.8%14.7%7.8%10.8%6.8%10.9%10.9%
FCF/Rev 3Y Avg9.9%12.5%10.1%11.7%7.1%9.3%10.0%

Valuation

MZTIKHCCAGMKCCPBSJMMedian
NameMarzetti Kraft He.Conagra .McCormickCampbell.JM Smuck. 
Mkt Cap4.126.77.915.76.511.39.6
P/S2.11.10.72.30.61.31.2
P/EBIT18.0-5.915.214.15.8-16.210.0
P/E23.1-4.6-80.219.811.2-9.03.3
P/CFO14.26.06.216.35.78.87.5
Total Yield6.9%-14.8%7.3%8.1%14.3%-7.0%7.1%
Dividend Yield2.6%7.1%8.5%3.1%5.4%4.1%4.7%
FCF Yield 3Y Avg4.1%9.2%10.2%4.2%6.5%7.0%6.7%
D/E0.00.81.00.31.10.70.7
Net D/E-0.00.71.00.31.10.70.7

Returns

MZTIKHCCAGMKCCPBSJMMedian
NameMarzetti Kraft He.Conagra .McCormickCampbell.JM Smuck. 
1M Rtn-2.4%-8.1%-18.0%-17.4%-26.0%-4.5%-12.7%
3M Rtn-8.7%-6.1%-5.7%-12.1%-23.3%5.5%-7.4%
6M Rtn-16.2%-10.7%-10.9%-14.3%-32.9%0.4%-12.6%
12M Rtn-12.7%-20.4%-31.6%-25.9%-40.7%-1.3%-23.2%
3Y Rtn-18.4%-30.8%-45.4%-13.0%-54.7%-21.9%-26.4%
1M Excs Rtn0.0%-5.7%-15.6%-15.0%-23.6%-2.1%-10.4%
3M Excs Rtn-4.3%-4.1%-2.4%-7.1%-20.2%9.1%-4.2%
6M Excs Rtn-20.1%-14.9%-15.0%-18.2%-36.8%-5.2%-16.6%
12M Excs Rtn-35.3%-41.7%-52.9%-47.7%-61.9%-21.6%-44.7%
3Y Excs Rtn-84.5%-100.2%-115.8%-83.8%-123.9%-91.1%-95.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Retail988965915829714
Foodservice883857761638620
Total1,8721,8231,6761,4671,334


Operating Income by Segment
$ Mil20252024202320222021
Retail208139152188161
Foodservice97106838980
Nonallocated Restructuring and Impairment Charges-150-26 -1
Nonallocated Corporate Expenses-91-104-97-92-65
Total199142112186176


Assets by Segment
$ Mil20252024202320222021
Retail & Foodservice1,0159841,017878771
Corporate19112973223222
Total1,2071,1131,0901,101993


Price Behavior

Price Behavior
Market Price$151.45 
Market Cap ($ Bil)4.1 
First Trading Date03/26/1990 
Distance from 52W High-19.7% 
   50 Days200 Days
DMA Price$162.80$168.29
DMA Trendindeterminatedown
Distance from DMA-7.0%-10.0%
 3M1YR
Volatility25.8%29.3%
Downside Capture72.2142.97
Upside Capture26.5620.52
Correlation (SPY)13.2%16.4%
MZTI Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.840.410.22-0.120.260.40
Up Beta-0.14-0.010.17-0.080.530.58
Down Beta1.340.320.27-0.42-0.150.13
Up Capture101%54%15%-10%11%11%
Bmk +ve Days9203170142431
Stock +ve Days13223256126379
Down Capture98%64%29%18%46%73%
Bmk -ve Days12213054109320
Stock -ve Days8182866123369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with MZTI
MZTI-14.4%29.3%-0.52-
Sector ETF (XLP)8.4%13.9%0.3426.8%
Equity (SPY)19.6%18.9%0.8116.5%
Gold (GLD)71.9%26.3%2.05-10.5%
Commodities (DBC)19.3%17.3%0.89-0.6%
Real Estate (VNQ)6.2%16.3%0.1929.2%
Bitcoin (BTCUSD)-15.3%44.2%-0.2511.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with MZTI
MZTI-1.6%27.1%-0.05-
Sector ETF (XLP)8.1%13.1%0.4038.9%
Equity (SPY)13.1%17.0%0.6125.1%
Gold (GLD)24.1%17.3%1.144.1%
Commodities (DBC)11.2%19.0%0.472.4%
Real Estate (VNQ)4.8%18.8%0.1630.0%
Bitcoin (BTCUSD)6.3%56.7%0.339.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with MZTI
MZTI5.8%27.5%0.24-
Sector ETF (XLP)7.8%14.7%0.4048.6%
Equity (SPY)14.5%17.9%0.7037.7%
Gold (GLD)14.4%15.6%0.77-0.8%
Commodities (DBC)8.6%17.6%0.407.8%
Real Estate (VNQ)5.6%20.7%0.2340.1%
Bitcoin (BTCUSD)67.4%66.8%1.079.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 215202613.9%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3
Basic Shares Quantity27.4 Mil
Short % of Basic Shares2.1%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/3/2026-7.7%-11.2%-2.6%
11/4/20259.4%9.0%4.0%
8/21/2025-0.2%1.9%-0.3%
4/30/2025-15.6%-16.3%-14.0%
2/4/20258.7%12.1%15.8%
10/31/2024-6.2%8.3%0.5%
8/22/2024-12.3%-14.5%-7.5%
5/2/20240.3%1.8%-3.1%
...
SUMMARY STATS   
# Positive101311
# Negative12911
Median Positive7.2%6.4%6.8%
Median Negative-4.9%-9.4%-4.3%
Max Positive14.1%15.2%15.8%
Max Negative-15.6%-16.3%-19.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/03/202610-Q
09/30/202511/04/202510-Q
06/30/202508/21/202510-K
03/31/202504/30/202510-Q
12/31/202402/04/202510-Q
09/30/202410/31/202410-Q
06/30/202408/22/202410-K
03/31/202405/02/202410-Q
12/31/202302/01/202410-Q
09/30/202311/02/202310-Q
06/30/202308/23/202310-K
03/31/202305/04/202310-Q
12/31/202202/02/202310-Q
09/30/202211/03/202210-Q
06/30/202208/25/202210-K
03/31/202205/05/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Ciesinski, David AlanPresident and CEODirectSell2172025191.1917,0003,250,23010,447,386Form

Industry Resources

Packaged Foods & Meats Resources
USDA Data

External Quote Links


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