Pictet Asset Management Holding SA Has $3.71 Million Stock Holdings in The Middleby Corporation $MIDD

Pictet Asset Management Holding SA boosted its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 237.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,980 shares of the industrial products company’s stock after purchasing an additional 17,586 shares during the period. Pictet Asset Management Holding SA’s holdings in Middleby were worth $3,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MIDD. Cresset Asset Management LLC increased its position in Middleby by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 107 shares during the last quarter. Syon Capital LLC lifted its holdings in shares of Middleby by 5.3% during the 3rd quarter. Syon Capital LLC now owns 2,386 shares of the industrial products company’s stock valued at $317,000 after buying an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Middleby by 7.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,900 shares of the industrial products company’s stock valued at $253,000 after buying an additional 138 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Middleby by 135.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after buying an additional 141 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in Middleby by 0.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 18,176 shares of the industrial products company’s stock worth $2,416,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Price Performance

MIDD opened at $138.87 on Monday. The firm has a market cap of $6.47 billion, a P/E ratio of -24.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57. The business has a 50 day moving average price of $144.63 and a 200 day moving average price of $141.69. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. The company had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.88 earnings per share. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Research analysts forecast that The Middleby Corporation will post 9.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the company a “buy” rating in a research note on Tuesday, February 24th. Jefferies Financial Group restated a “buy” rating and set a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. KeyCorp upped their price objective on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Middleby from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.57.

Middleby Company 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.