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MarketBeat
Business
Thomas Hughes

Marzetti Stock Confirms Reversal on Earnings Strength, Dividend Growth

The Marzetti Company’s (NASDAQ: MZTI) stock screamed buy after the company's fiscal Q4 release, advancing to confirm a head and shoulders reversal. The stock was down in the quarters leading up to the release, but the Q4 report proved Marzetti’s true strength, which is cash flow production.

While the company is temporarily impaired by a recent acquisition, the results showed better-than-expected profitability and improved capacity for capital return. The capital return is the primary factor, as The Marzetti Company is a Dividend King on track to keep raising its distribution annually for many years to come.

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