16,547 Shares in The Middleby Corporation $MIDD Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in The Middleby Corporation (NASDAQ:MIDD) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,547 shares of the industrial products company’s stock, valued at approximately $2,464,000.

A number of other large investors have also recently bought and sold shares of the company. Aristides Capital LLC acquired a new stake in Middleby during the fourth quarter worth about $249,000. Kera Capital Partners Inc. lifted its holdings in shares of Middleby by 44.9% during the 4th quarter. Kera Capital Partners Inc. now owns 2,589 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 802 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Middleby by 4,256.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after acquiring an additional 705,560 shares during the period. Invesco Ltd. boosted its position in shares of Middleby by 40.6% during the 4th quarter. Invesco Ltd. now owns 1,432,021 shares of the industrial products company’s stock worth $212,899,000 after acquiring an additional 413,485 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Middleby by 300.5% during the 4th quarter. Corient Private Wealth LLC now owns 31,354 shares of the industrial products company’s stock worth $4,662,000 after acquiring an additional 23,526 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Stock Performance

Shares of Middleby stock opened at $173.02 on Tuesday. The company’s 50 day moving average price is $153.72 and its two-hundred day moving average price is $150.95. The firm has a market capitalization of $7.82 billion, a P/E ratio of -20.40 and a beta of 1.36. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $176.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the prior year, the company earned $2.08 EPS. Middleby’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 analysts forecast that The Middleby Corporation will post 9.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MIDD has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $195.00 price objective on shares of Middleby in a research report on Tuesday, March 31st. Oppenheimer started coverage on Middleby in a report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 target price on the stock. Robert W. Baird set a $205.00 price target on Middleby in a research note on Friday, May 8th. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Finally, JPMorgan Chase & Co. raised their price objective on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.62.

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.