Marzetti (MZTI)
Market Price (12/28/2025): $165.95 | Market Cap: $4.6 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
Marzetti (MZTI)
Market Price (12/28/2025): $165.95Market Cap: $4.6 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% | Weak multi-year price returns2Y Excs Rtn is -39%, 3Y Excs Rtn is -92% | Key risksMZTI key risks include [1] softening demand in its retail and foodservice channels that has negatively impacted sales and [2] a history of product recalls due to potential contamination. |
| Attractive yieldFCF Yield is 5.6% | ||
| Low stock price volatilityVol 12M is 30% | ||
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Attractive yieldFCF Yield is 5.6% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -39%, 3Y Excs Rtn is -92% |
| Key risksMZTI key risks include [1] softening demand in its retail and foodservice channels that has negatively impacted sales and [2] a history of product recalls due to potential contamination. |
Why The Stock Moved
Qualitative Assessment
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The Marzetti Company (MZTI) experienced an approximate 8.1% stock decline between August 31, 2025, and late December 2025, influenced by several key factors:
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<b>1. The Marzetti Company (formerly Lancaster Colony Corporation) began trading under the new ticker symbol MZTI on July 1, 2025, following a rebranding, which may have led to initial market adjustments and re-evaluation by investors.</b>
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<b>2. The company reported its First Quarter Fiscal Year 2026 sales and earnings on November 4, 2025.</b> While the specific details of this report and its impact on market sentiment are not fully available without deeper analysis, earnings reports often serve as significant catalysts for stock price movements, particularly if results miss analyst expectations or future guidance is cautious.
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<b>3. Despite an increase in the regular cash dividend announced on November 19, 2025, the stock continued its downward trend.</b> This suggests that other negative factors or a less-than-expected dividend increase may have outweighed the positive impact of the dividend hike on investor confidence.
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<b>4. By December 23, 2025, MZTI stock had shown a decline of -3.22% over the previous week and a -3.23% fall over the past month, with a -6.26% decrease over the last year.</b> This indicates a sustained negative momentum leading up to the end of the year, likely reflecting ongoing investor concerns following the Q1 earnings report and other market dynamics.
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<b>5. Analysts' forecasts for MZTI stock suggest a range of $180.00 to $232.00, with an average rating of "Buy" and a 12-month stock price target of $191.33 as of a recent overview.</b> The stock trading below these targets in late 2025 indicates that the market was currently undervaluing the company compared to analyst expectations, potentially due to recent performance or broader market headwinds affecting the consumer defensive sector.
Show moreStock Movement Drivers
Fundamental Drivers
The -3.1% change in MZTI stock from 9/27/2025 to 12/27/2025 was primarily driven by a -4.5% change in the company's P/E Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 171.20 | 165.85 | -3.13% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1909.12 | 1936.04 | 1.41% |
| Net Income Margin (%) | 8.77% | 8.77% | 0.07% |
| P/E Multiple | 28.09 | 26.81 | -4.55% |
| Shares Outstanding (Mil) | 27.46 | 27.45 | 0.01% |
| Cumulative Contribution | -3.13% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| MZTI | -3.1% | |
| Market (SPY) | 4.3% | -23.6% |
| Sector (XLP) | 0.3% | 39.2% |
Fundamental Drivers
The -2.4% change in MZTI stock from 6/28/2025 to 12/27/2025 was primarily driven by a -2.6% change in the company's P/E Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 169.88 | 165.85 | -2.37% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1886.52 | 1936.04 | 2.62% |
| Net Income Margin (%) | 8.99% | 8.77% | -2.45% |
| P/E Multiple | 27.52 | 26.81 | -2.57% |
| Shares Outstanding (Mil) | 27.48 | 27.45 | 0.10% |
| Cumulative Contribution | -2.37% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| MZTI | -2.4% | |
| Market (SPY) | 12.6% | 3.4% |
| Sector (XLP) | -2.2% | 42.1% |
Fundamental Drivers
The -3.6% change in MZTI stock from 12/27/2024 to 12/27/2025 was primarily driven by a -9.6% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 172.06 | 165.85 | -3.61% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1876.74 | 1936.04 | 3.16% |
| Net Income Margin (%) | 8.49% | 8.77% | 3.30% |
| P/E Multiple | 29.64 | 26.81 | -9.55% |
| Shares Outstanding (Mil) | 27.46 | 27.45 | 0.01% |
| Cumulative Contribution | -3.61% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| MZTI | -3.6% | |
| Market (SPY) | 17.0% | 16.7% |
| Sector (XLP) | 0.5% | 33.7% |
Fundamental Drivers
The -12.1% change in MZTI stock from 12/28/2022 to 12/27/2025 was primarily driven by a -50.0% change in the company's P/E Multiple.| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 188.74 | 165.85 | -12.13% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1709.87 | 1936.04 | 13.23% |
| Net Income Margin (%) | 5.65% | 8.77% | 55.39% |
| P/E Multiple | 53.67 | 26.81 | -50.05% |
| Shares Outstanding (Mil) | 27.45 | 27.45 | -0.02% |
| Cumulative Contribution | -12.13% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| MZTI | 3.9% | |
| Market (SPY) | 48.0% | 22.5% |
| Sector (XLP) | 14.0% | 33.7% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MZTI Return | 17% | -8% | 22% | -14% | 6% | -2% | 16% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| MZTI Win Rate | 67% | 67% | 58% | 58% | 58% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MZTI Max Drawdown | -22% | -19% | -28% | -18% | -2% | -8% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | MZTI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.4% | -25.4% |
| % Gain to Breakeven | 67.7% | 34.1% |
| Time to Breakeven | 151 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -24.1% | -33.9% |
| % Gain to Breakeven | 31.8% | 51.3% |
| Time to Breakeven | 63 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.8% | -19.8% |
| % Gain to Breakeven | 38.6% | 24.7% |
| Time to Breakeven | 579 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -42.1% | -56.8% |
| % Gain to Breakeven | 72.6% | 131.3% |
| Time to Breakeven | 165 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
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.
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AI Analysis | Feedback
Here are a few analogies for Marzetti (MZTI):
- A focused General Mills for pantry staples like salad dressings, dips, and frozen baked goods.
- Like a smaller Kraft Heinz, specializing in dressings, dips, and specialty bakery products.
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```html- Salad Dressings: A diverse range of creamy, vinaigrette, and specialty dressings used to enhance the flavor of salads.
- Fruit Dips: Sweet and creamy dips designed to complement and enhance the flavor of fresh fruits.
- Vegetable Dips: Savory and flavorful dips made to be paired with fresh vegetables and snacks.
- Croutons: Crispy, seasoned bread pieces primarily used as toppings for salads and soups.
AI Analysis | Feedback
Marzetti is a brand of specialty food products that falls under the umbrella of Lancaster Colony Corporation. While you mentioned the symbol MZTI, the publicly traded company that owns Marzetti and is traded on major exchanges is Lancaster Colony Corporation, with the symbol LANC.
Lancaster Colony Corporation, and thus its Marzetti brand, sells primarily to other companies (B2B) rather than directly to individual consumers. Their products are distributed through retail channels and foodservice operations.
Major Customers:
Based on Lancaster Colony Corporation's latest public filings (10-K), their major customer that accounts for a significant portion of their sales is:
- Walmart Inc. (Symbol: WMT) - Walmart Inc., including its Sam's Club division, accounted for approximately 18% of Lancaster Colony Corporation's consolidated net sales in fiscal year 2023.
No other single customer accounted for 10% or more of consolidated net sales in fiscal year 2023. However, Lancaster Colony Corporation distributes its Marzetti products, along with its other brands, to a wide array of other business customers across two main categories:
- Retail Customers: This category includes various other supermarket chains, mass merchandisers, club stores, and discounters, primarily located in the United States. These companies purchase products for resale to individual consumers.
- Foodservice Customers: This category includes restaurant chains and other foodservice operators. These customers purchase Marzetti and other products for use in their own commercial food preparation and service operations.
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David A. Ciesinski, President and Chief Executive Officer
Mr. Ciesinski has served as President and Chief Executive Officer of The Marzetti Company since July 2017, having joined the company in April 2016 as President and Chief Operating Officer. Prior to his time at Marzetti, he was the Executive Vice President and President of the Meal Solutions Division at Kraft Foods Group, Inc. from 2014 to 2015, where he was responsible for leading key brands like Kraft Macaroni & Cheese and Jell-O. Before Kraft, he spent 13 years at H.J. Heinz Company (2001-2013), holding various leadership roles including Vice President of Global Business Development and Group Vice President and Chief Marketing Officer of the U.S. Retail Division. He also served as Chief Commercial Officer and Executive Vice President for Forever, Inc. from 2013 to 2014. A veteran of the U.S. Army and a West Point graduate, Mr. Ciesinski earned his MBA from the Tepper School of Business at Carnegie Mellon University.
Thomas K. Pigott, Chief Financial Officer
Mr. Pigott joined The Marzetti Company as Chief Financial Officer in 2019. Before this, he was the Vice President of Finance and Chief Financial Officer of MGP Ingredients, Inc. from 2015 to 2019. His career also includes various finance and strategy leadership positions, such as business segment CFO and VP of Internal Audit, at companies like Kraft Foods, Nestle USA, and Mondelez. Mr. Pigott started his career as an auditor at PricewaterhouseCoopers, where he became a CPA. He holds a bachelor's degree in accounting from the University of Notre Dame and an MBA from Northwestern University's J.L. Kellogg Graduate School of Management.
Matthew R. Shurte, General Counsel, Chief Ethics Officer and Secretary
Mr. Shurte has served as General Counsel and Secretary of The Marzetti Company since 2006. Prior to joining Marzetti, he was an Associate at Jones Day, specializing in mergers and acquisitions, securities law, and corporate governance. He earned his undergraduate degree from The Ohio State University and his law degree from Tulane University Law School.
Luis Viso, Chief Supply Chain Officer
Mr. Viso is the Chief Supply Chain Officer for The Marzetti Company. Before joining Marzetti, he held the position of Executive Vice President of Operations for Monster Beverage. His experience also includes operations leadership roles at Diamond Crystal Brands, Keurig Green Mountain, The Coca-Cola Company, and Kraft Foods. Mr. Viso holds a bachelor's degree in mechanical engineering from the University of Toledo.
Tanya Berman, President, Retail
Ms. Berman serves as the President, Retail for The Marzetti Company.
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```htmlKey Business Risks for The Marzetti Company (formerly Lancaster Colony Corporation)
- Competitive Landscape, Evolving Consumer Tastes, and Softening Demand: The specialty food sector is characterized by intense competition and rapidly evolving consumer preferences, with a growing demand for healthier, convenient, and sustainably sourced products, including plant-based foods. The Marzetti Company must continually innovate and adapt its product offerings to meet these changing tastes and maintain market share. Recent reports have indicated a challenging consumer environment, leading to reduced traffic in the foodservice channel and softening demand in the retail channel, which has negatively impacted sales.
- Raw Material Costs and Supply Chain Disruptions: The company faces risks related to the availability and pricing of key raw materials, such as soybean oil, corn, corn syrup, sugar, and wheat. Factors like climate change can lead to decreased availability or less favorable pricing for these essential ingredients. Broader supply chain disruptions, including issues with transportation, logistics, and supplier reliability, can also result in increased costs due to expedited shipping and reliance on higher-priced alternative suppliers, potentially affecting profitability and sales.
- Food Safety and Product Recalls: The Marzetti Company is exposed to risks associated with food safety concerns, which can lead to business disruptions, product recalls, or other claims. These issues can arise from real or perceived safety problems, including mislabeled, adulterated, contaminated, or spoiled food products. Such events can necessitate voluntary or mandatory recalls, resulting in significant financial losses and damage to brand reputation. The company has experienced product recalls in the past due to potential contamination.
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The rapid proliferation of specialized plant-based food brands and products, particularly those innovating in categories such as dressings, dips, and frozen baked goods. These new entrants often leverage advanced formulations, sustainable sourcing, and modern branding to capture significant market share from health-conscious and environmentally aware consumers, directly challenging Marzetti's traditional product lines.AI Analysis | Feedback
The addressable markets for Marzetti's main products are as follows:
U.S. Salad Dressings Market
The U.S. salad dressing market was valued at approximately USD 23,781.96 million in 2023 and is projected to reach USD 35,342.26 million by 2032, with a compound annual growth rate (CAGR) of 4.50%. Another estimate for the U.S. Food and Salad Dressing market indicated a value of USD 19,405.7 million in 2023, with projections to reach USD 28,536.0 million by 2033, growing at a CAGR of 3.98%.
U.S. Dips and Savory Spreads Market
The market for dips and savory spreads in the United States exceeded USD 21 billion in 2022. The global refrigerated dips market, a segment relevant to Marzetti's offerings, reached USD 3.84 billion in 2024 and is expected to grow to USD 6.51 billion by 2033, at a CAGR of 6.1%.
U.S. Frozen Bakery Products Market
The U.S. frozen bakery products market is estimated to increase from US$ 5,674.6 million in 2025 to US$ 8,485.9 million by 2032, exhibiting a CAGR of 5.9%. Another report shows the U.S. Frozen Bakery Products Market was valued at USD 7,573.14 million in 2023 and is projected to reach USD 12,797.02 million by 2032, with a CAGR of 5.95% from 2024 to 2032.
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Here are 3-5 expected drivers of future revenue growth for Marzetti (MZTI) over the next 2-3 years:- Growth in Core Brands and Licensed Products: The T. Marzetti Company anticipates continued volume growth from its established brands such as Marzetti®, New York Bakery™, and Sister Schubert's®. Additionally, strong performance is expected from its licensing programs, which include popular sauces and dressings for brands like Chick-fil-A®, Olive Garden®, Buffalo Wild Wings®, Arby's®, Subway®, and Texas Roadhouse®.
- Product Innovation and Diversification: Product diversification and strategic licensing are key to driving potential revenue growth and expanding market share in both the retail and foodservice segments. Recent examples include the launch of new Buffalo Wild Wings hot sauces on Amazon, indicating a focus on introducing new products and flavors to reach new customer segments.
- Expansion of Distribution Channels and New Customer Acquisition: Marzetti is focused on expanding its retail distribution, as demonstrated by new club channel sales for Chick-fil-A® sauce and expanding distribution for Texas Roadhouse™ dinner rolls. In the Foodservice segment, the company expects sales to be supported by securing new quick-service restaurant customers within its national chain accounts.
- Strategic Pricing and Cost Savings Initiatives: The company expects a modest level of cost inflation in the upcoming quarters, which it plans to offset through contractual pricing and ongoing cost savings programs. While cost savings primarily impact profitability, effective strategic pricing allows Marzetti to maintain or grow revenue amidst inflationary pressures, indirectly supporting overall revenue growth by preserving margins and enabling investment in other growth drivers.
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Capital Allocation Decisions (Last 3-5 Years)
1. Share Repurchases
- Lancaster Colony Corporation (now The Marzetti Company, MZTI) made significant share repurchases over the last five fiscal years, including $5.46 million in 2020, $8.53 million in 2021, $7.56 million in 2022, $9.20 million in 2023, and $7.65 million in 2024.
2. Share Issuance
- No significant share issuances were identified during the 2020-2024 fiscal years; the company primarily engaged in share repurchases as indicated by negative values in equity share issuance/purchase.
4. Outbound Investments
- Lancaster Colony plans to acquire a sauce and dressing production facility in Atlanta, Georgia, for $75 million in cash, with the transaction expected to close in fiscal third quarter of 2025.
- Strategic acquisitions remain part of the company's future growth plans, with a focus on fit and value.
5. Capital Expenditures
- Capital expenditures peaked at $131.6 million in fiscal year 2022, following $87.72 million in 2021 and $82.51 million in 2020.
- Payments for capital expenditures were $88.97 million in 2023 and an anticipated $60.61 million in 2024.
- For fiscal year 2025, total capital expenditures are forecasted to be between $70 million and $80 million, focusing on cost-savings projects, manufacturing improvements, and investments in personnel and IT to support business growth.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Marzetti Earnings Notes | ||
| Marzetti Earnings Notes | ||
| How Low Can Marzetti Stock Really Go? | Return |
| Title | |
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| ARTICLES |
Trade Ideas
Select ideas related to MZTI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BF-B | Brown-Forman | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -8.9% | -8.9% | -8.9% |
| 11302025 | CPB | Campbell's | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.6% | -7.6% | -9.2% |
| 11212025 | ENR | Energizer | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 13.1% | 13.1% | -5.3% |
| 11212025 | FLO | Flowers Foods | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.4% | 5.4% | -1.6% |
| 11142025 | CLX | Clorox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.0% | -5.0% | -6.0% |
Research & Analysis
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Peer Comparisons for Marzetti
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 122.00 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 14.8% |
| Op Mgn 3Y Avg | 13.6% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 18.3% |
| CFO/Rev 3Y Avg | 17.4% |
| FCF/Rev LTM | 15.7% |
| FCF/Rev 3Y Avg | 14.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Retail | 988 | 965 | 915 | 829 | 714 |
| Foodservice | 883 | 857 | 761 | 638 | 620 |
| Total | 1,872 | 1,823 | 1,676 | 1,467 | 1,334 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Retail | 208 | 139 | 152 | 188 | 161 |
| Foodservice | 97 | 106 | 83 | 89 | 80 |
| Nonallocated Restructuring and Impairment Charges | -15 | 0 | -26 | -1 | |
| Nonallocated Corporate Expenses | -91 | -104 | -97 | -92 | -65 |
| Total | 199 | 142 | 112 | 186 | 176 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Retail & Foodservice | 1,015 | 984 | 1,017 | 878 | 771 |
| Corporate | 191 | 129 | 73 | 223 | 222 |
| Total | 1,207 | 1,113 | 1,090 | 1,101 | 993 |
Price Behavior
| Market Price | $165.85 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -13.7% | |
| 50 Days | 200 Days | |
| DMA Price | $166.52 | $171.54 |
| DMA Trend | down | down |
| Distance from DMA | -0.4% | -3.3% |
| 3M | 1YR | |
| Volatility | 27.0% | 30.0% |
| Downside Capture | -40.94 | 34.03 |
| Upside Capture | -47.57 | 24.96 |
| Correlation (SPY) | -23.6% | 16.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.76 | -0.51 | -0.34 | 0.26 | 0.28 | 0.38 |
| Up Beta | -1.07 | -0.49 | -0.10 | 0.81 | 0.52 | 0.55 |
| Down Beta | -1.33 | -0.84 | -0.93 | -0.42 | -0.08 | 0.12 |
| Up Capture | -2% | -42% | -31% | 26% | 14% | 9% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 9 | 16 | 23 | 59 | 123 | 376 |
| Down Capture | -93% | -32% | 5% | 47% | 45% | 73% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 26 | 39 | 66 | 124 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of MZTI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MZTI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -6.2% | 0.5% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 29.9% | 13.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.20 | -0.20 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 33.9% | 16.7% | 1.9% | 2.8% | 35.2% | 5.5% | |
ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of MZTI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MZTI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 1.2% | 5.7% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 26.9% | 13.0% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.06 | 0.23 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 40.9% | 25.7% | 8.4% | 4.1% | 31.1% | 11.1% | |
ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of MZTI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MZTI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 6.0% | 7.3% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 27.6% | 14.7% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.25 | 0.37 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 48.7% | 37.3% | 1.4% | 7.9% | 40.0% | 10.0% | |
ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | 9.4% | 9.0% | 4.7% |
| 8/21/2025 | -0.2% | 1.9% | -0.3% |
| 4/30/2025 | -15.6% | -16.3% | -14.0% |
| 2/4/2025 | 8.7% | 12.1% | 15.8% |
| 10/31/2024 | -6.2% | 8.3% | 0.5% |
| 8/22/2024 | -12.3% | -14.5% | -7.5% |
| 5/2/2024 | 0.3% | 1.8% | -3.1% |
| 2/1/2024 | 11.0% | 2.1% | 12.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 13 | 11 |
| # Negative | 12 | 9 | 11 |
| Median Positive | 7.2% | 6.4% | 6.8% |
| Median Negative | -3.5% | -4.2% | -4.3% |
| Max Positive | 14.1% | 15.2% | 15.8% |
| Max Negative | -15.6% | -16.3% | -19.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11042025 | 10-Q 9/30/2025 |
| 6302025 | 8212025 | 10-K 6/30/2025 |
| 3312025 | 4302025 | 10-Q 3/31/2025 |
| 12312024 | 2042025 | 10-Q 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8222024 | 10-K 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2012024 | 10-Q 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8232023 | 10-K 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 2022023 | 10-Q 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8252022 | 10-K 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2032022 | 10-Q 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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