Geode Capital Management LLC Reduces Stock Position in The Middleby Corporation $MIDD

Geode Capital Management LLC lowered its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 900,246 shares of the industrial products company’s stock after selling 14,285 shares during the period. Geode Capital Management LLC’s holdings in Middleby were worth $133,865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MIDD. Torren Management LLC purchased a new stake in shares of Middleby during the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its position in shares of Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 111 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Middleby during the third quarter worth $27,000. Larson Financial Group LLC lifted its position in shares of Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 181 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Trading Down 0.3%

Shares of MIDD stock opened at $155.73 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $169.44. The company has a market capitalization of $7.04 billion, a PE ratio of -18.36 and a beta of 1.36. The business’s fifty day moving average is $144.19 and its 200 day moving average is $145.46.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. During the same quarter last year, the business posted $2.08 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, equities research analysts anticipate that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Canaccord Genuity Group set a $200.00 target price on Middleby in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 price objective on shares of Middleby in a research report on Tuesday, March 31st. Finally, Robert W. Baird set a $205.00 price objective on Middleby in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.