The Middleby Corporation $MIDD Holdings Decreased by Legal & General Group Plc

Legal & General Group Plc trimmed its position in The Middleby Corporation (NASDAQ:MIDD) by 8.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 72,494 shares of the industrial products company’s stock after selling 6,707 shares during the period. Legal & General Group Plc’s holdings in Middleby were worth $10,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SG Capital Management LLC bought a new position in Middleby during the 3rd quarter worth $55,260,000. Broyhill Asset Management LLC bought a new position in Middleby during the 3rd quarter worth $2,455,000. Tudor Investment Corp ET AL grew its stake in Middleby by 45.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock worth $10,096,000 after buying an additional 23,737 shares during the last quarter. M&T Bank Corp bought a new position in Middleby during the 4th quarter worth $15,085,000. Finally, Eschler Asset Management LLP bought a new position in Middleby during the 3rd quarter worth $931,000. 98.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MIDD shares. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $200.00 price objective on Middleby in a research note on Friday, May 8th. Finally, Barclays restated an “overweight” rating and set a $190.00 price objective (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby Trading Up 0.2%

NASDAQ:MIDD opened at $156.22 on Thursday. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $169.44. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of -18.42 and a beta of 1.36. The business has a fifty day moving average of $143.80 and a 200-day moving average of $145.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $777.19 million. During the same quarter in the prior year, the business posted $2.08 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current year.

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.