Medina Value Partners LLC Purchases Shares of 139,976 The Middleby Corporation $MIDD

Medina Value Partners LLC purchased a new position in The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 139,976 shares of the industrial products company’s stock, valued at approximately $24,077,272,000. Middleby comprises approximately 4.7% of Medina Value Partners LLC’s holdings, making the stock its 9th largest position. Medina Value Partners LLC owned 0.31% of Middleby at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Middleby by 14.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 67,926 shares of the industrial products company’s stock valued at $9,006,000 after purchasing an additional 8,524 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Middleby during the fourth quarter worth about $2,464,000. Sei Investments Co. lifted its holdings in shares of Middleby by 6.5% during the first quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock worth $106,514,000 after purchasing an additional 49,228 shares during the period. Fifth Third Bancorp boosted its position in Middleby by 272.0% in the first quarter. Fifth Third Bancorp now owns 32,441 shares of the industrial products company’s stock valued at $4,301,000 after buying an additional 23,721 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in Middleby by 237.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 24,980 shares of the industrial products company’s stock valued at $3,714,000 after buying an additional 17,586 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Stock Down 1.1%

Shares of MIDD stock opened at $113.97 on Wednesday. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $180.13. The stock has a market cap of $5.15 billion, a P/E ratio of -12.31 and a beta of 1.32. The stock has a 50 day moving average of $140.47 and a 200 day moving average of $146.30. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 17.44% and a negative net margin of 13.22%.The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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, sell-side analysts expect that The Middleby Corporation will post 6.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MIDD. Zacks Research lowered shares of Middleby from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Oppenheimer reissued an “outperform” rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group lowered their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $160.38.

About Middleby

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.