Thomas K. Pigott, serving as Vice President, Chief Financial Officer, and Assistant Secretary of MARZETTI CO (NASDAQ:MZTI), executed a purchase of the company’s common stock on June 10, 2026, as detailed in a Form 4 filing submitted to the Securities and Exchange Commission. The transaction involved the acquisition of 900 shares at a price of $109.01 per share, resulting in a total investment of $98,109. This purchase occurs as the stock is trading close to its 52-week low of $105.80, with shares having declined by 33% over the preceding six-month period. Following this acquisition, Mr. Pigott’s direct ownership of MARZETTI CO common stock stands at 17,779 shares.
According to InvestingPro analysis, the stock appears undervalued at current levels, with the company maintaining a "GOOD" financial health rating. For deeper insights, investors can access MZTI’s comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.
In other recent news, Marzetti Company reported its third-quarter earnings for fiscal year 2026, which did not meet analysts’ expectations. The company announced an earnings per share (EPS) of $1.35, falling short of the projected $1.57, representing a 14.01% miss. Additionally, Marzetti’s revenue was reported at $453.4 million, which was below the anticipated $464.53 million. In another development, Marzetti declared a quarterly cash dividend of $1.00 per common share. This dividend is scheduled to be paid on June 30, 2026, to shareholders who are on record as of June 5, 2026. These recent developments reflect key financial activities and decisions by Marzetti Company.