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The Marzetti Company (NASDAQ:LANC), a $4.7 billion consumer goods company with a "GREAT" financial health rating according to InvestingPro, has amended its articles of incorporation and company regulations to officially change its name from Lancaster Colony Corporation to The Marzetti Company, effective Friday. The company, which currently trades near its Fair Value, filed the certificate of amendment with the Secretary of State of Ohio and stated that, under Ohio law, a shareholder vote was not required for this change.
As part of the transition, the company’s common stock will begin trading on the Nasdaq Global Select Market under a new ticker symbol, NASDAQ:MZTI, when the market opens on Tuesday. The CUSIP number for the company’s common stock will remain 513847103, and existing stock certificates bearing the former name will remain valid.
According to the company’s statement in the SEC filing, “The Name Change does not affect the rights of the Company’s security holders and there were no other changes to the Second Amended and Restated Articles or the Second Amended and Restated Regulations.”
The company’s principal executive offices remain at 380 Polaris (NYSE:PII) Parkway, Westerville, Ohio. The information in this article is based on a press release statement included in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Lancaster Colony Corporation reported its financial results for the third quarter of 2025, which showed a decline in both earnings per share (EPS) and revenue compared to forecasts. The company posted an EPS of $1.49, missing the expected $1.58, and revenue reached $457.84 million, falling short of the forecasted $483.95 million. Despite these results, Lancaster Colony achieved a record gross profit of $106 million, indicating strong operational efficiency. In other developments, T. Marzetti Company, a subsidiary of Lancaster Colony, announced the appointment of Judith Mondello as its new Chief Research, Development, and Quality Officer. Mondello brings over 25 years of experience in the food and beverage industry to her new role. Additionally, Lancaster Colony declared a quarterly cash dividend of 95 cents per share, maintaining the increased dividend amount established six months prior. Benchmark analysts maintained a Buy rating on Lancaster Colony’s stock, reiterating a price target of $185, citing confidence in the company’s growth strategy and operational efficiencies. These recent developments reflect Lancaster Colony’s ongoing efforts to enhance its product offerings and financial performance.
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