Medina Value Partners LLC Acquires New Shares in The Middleby Corporation $MIDD

Medina Value Partners LLC purchased a new position in shares of The Middleby Corporation (NASDAQ:MIDD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 139,976 shares of the industrial products company’s stock, valued at approximately $24,077,272. Middleby comprises approximately 0.0% of Medina Value Partners LLC’s portfolio, making the stock its 9th largest position. Medina Value Partners LLC owned about 0.31% of Middleby at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of Middleby in the fourth quarter worth approximately $25,000. Clearstead Advisors LLC boosted 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Middleby during the 2nd quarter worth approximately $27,000. Danske Bank A S acquired a new stake in Middleby in the third quarter valued at approximately $27,000. Finally, Larson Financial Group LLC raised its holdings in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on MIDD. Canaccord Genuity Group set a $157.00 target price on Middleby and gave the company a “buy” rating in a report on Wednesday, August 12th. Barclays reiterated an “overweight” rating and issued a $145.00 target price (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer reissued an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Finally, Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Middleby has a consensus rating of “Hold” and a consensus price target of $160.38.

Middleby Trading Down 0.8%

NASDAQ:MIDD traded down $0.86 on Friday, reaching $112.75. 350,366 shares of the company’s stock were exchanged, compared to its average volume of 627,869. The business has a fifty day moving average of $138.31 and a 200-day moving average of $145.67. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of -12.18 and a beta of 1.32. 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.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same period last year, the company earned $2.35 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. 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, analysts expect that The Middleby Corporation will post 6.85 earnings per share for the current year.

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.