Foundry Partners LLC decreased its position in The Middleby Corporation (NASDAQ:MIDD) by 40.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,507 shares of the industrial products company’s stock after selling 11,320 shares during the period. Foundry Partners LLC’s holdings in The Middleby Corporation were worth $2,006,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in The Middleby Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 4,487,263 shares of the industrial products company’s stock worth $612,288,000 after buying an additional 171,612 shares during the last quarter. BlackRock Inc. increased its position in The Middleby Corporation by 4,935.7% in the first quarter. BlackRock Inc. now owns 2,631,922 shares of the industrial products company’s stock worth $359,127,000 after buying an additional 2,579,657 shares during the last quarter. CI Global Investments Inc. increased its position in The Middleby Corporation by 80.0% in the first quarter. CI Global Investments Inc. now owns 1,332,293 shares of the industrial products company’s stock worth $181,791,000 after buying an additional 592,293 shares during the last quarter. State Street Corp increased its position in The Middleby Corporation by 2.9% in the first quarter. State Street Corp now owns 1,011,387 shares of the industrial products company’s stock worth $138,007,000 after buying an additional 28,581 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in The Middleby Corporation by 1.9% in the first quarter. Janus Capital Management LLC now owns 743,905 shares of the industrial products company’s stock worth $101,506,000 after buying an additional 13,533 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Middleby Corporation (NASDAQ:MIDD) opened at 119.65 on Thursday. The Middleby Corporation has a 12 month low of $108.45 and a 12 month high of $150.87. The company’s 50-day moving average price is $125.33 and its 200-day moving average price is $132.25. The company has a market cap of $6.89 billion, a P/E ratio of 22.41 and a beta of 1.82.
The Middleby Corporation (NASDAQ:MIDD) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $579.34 million during the quarter, compared to analysts’ expectations of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. Equities analysts forecast that The Middleby Corporation will post $5.63 EPS for the current fiscal year.
MIDD has been the topic of a number of recent research reports. BidaskClub downgraded The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Robert W. Baird dropped their price target on The Middleby Corporation from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. BMO Capital Markets reissued a “buy” rating and set a $150.00 price target (down previously from $155.00) on shares of The Middleby Corporation in a research report on Friday, June 23rd. Zacks Investment Research downgraded The Middleby Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Wellington Shields raised The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $141.71.
About The Middleby Corporation
The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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