Cibc World Market Inc. Takes Position in The Middleby Corporation $MIDD

Cibc World Market Inc. acquired a new stake in The Middleby Corporation (NASDAQ:MIDD) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 6,588 shares of the industrial products company’s stock, valued at approximately $912,000.

Several other hedge funds have also recently bought and sold shares of MIDD. Price T Rowe Associates Inc. MD boosted its stake in shares of Middleby by 49.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the period. BlackRock Inc. purchased a new stake in Middleby during the 2nd quarter worth approximately $676,035,000. Garden Investment Management L.P. increased its stake in Middleby by 3.1% during the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after buying an additional 102,903 shares during the period. JPMorgan Chase & Co. lifted its holdings in Middleby by 3.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after buying an additional 75,047 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Middleby by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock worth $220,950,000 after buying an additional 58,696 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Trading Down 1.6%

NASDAQ MIDD opened at $113.61 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $180.13. The stock has a market capitalization of $5.14 billion, a PE ratio of -12.27 and a beta of 1.32. The firm has a 50 day moving average of $138.31 and a two-hundred day moving average of $145.67.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The business had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The company’s revenue was down 10.5% on a year-over-year basis. During the same period last year, the business earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, research analysts expect that The Middleby Corporation will post 6.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on MIDD shares. Robert W. Baird downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. KeyCorp set a $152.00 price objective on Middleby in a research note on Tuesday, July 14th. Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. lowered their target price on Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Middleby currently has an average rating of “Hold” and a consensus target price of $160.38.

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.