The Marzetti Company
In the published model solve dated 2026-Q2, anchored at $111.37, The Marzetti Company (MZTI) is priced for -3.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
The Marzetti Company (formerly Lancaster Colony) makes specialty dressings, sauces, and frozen breads, split roughly evenly between retail and foodservice. Trailing operating margin is about 11.3%, and the most recent quarter showed net sales of $453.4 million, down about 1% year over year, with the story shifting from price-led growth toward volume and new products. At $107.05 (June 27, 2026) the price pays about 12x company-wide operating income, low enough that it sits below what even a 5%-p
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343 institutional managers reported holding MZTI in 13F filings for the quarter ended 2026-03-31. Together they hold about 65% of the company; the top 10 hold 38%. 57 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 2.0M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (6.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MZTI's share count is about flat over the past five years ($53.61M of repurchases, offset by issuance). It pays a dividend, and has paid one every year in our records (17 and counting), raised 9 years straight; the current rate is $3.75 a share annually. Cash returned over the past three years: $282.83M in dividends and $36.84M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MZTI over the trailing three years: 2024: 2 buys totaling $522k; 2026: 1 buy totaling $98k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MZTI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-24 | -11.4% | +4.5% |
| 2023-11-03 | -0.3% | -4.7% |
| 2024-02-02 | +10.2% | +0.9% |
| 2024-05-03 | -0.1% | -1.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MZTI's latest 8-K filings: 2026-05-04 (items 2.02, 9.01); 2026-05-01 (items 2.03, 8.01, 9.01); 2026-03-09 (items 1.01, 2.03, 9.01); 2026-02-11 (items 5.02, 8.01, 9.01); 2026-02-03 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.