Geode Capital Management LLC Sells 14,285 Shares of The Middleby Corporation $MIDD

Geode Capital Management LLC cut its holdings in The Middleby Corporation (NASDAQ:MIDD) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 900,246 shares of the industrial products company’s stock after selling 14,285 shares during the period. Geode Capital Management LLC owned about 1.79% of Middleby worth $133,865,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Torren Management LLC bought a new position in shares of Middleby in the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC grew its holdings in shares of Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 111 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Middleby by 1,292.9% in the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 181 shares in the last quarter. Danske Bank A S bought a new position in shares of Middleby in the third quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Middleby by 135.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 141 shares in the last quarter. 98.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MIDD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. KeyCorp upped their target price on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of Middleby in a report on Tuesday, March 31st. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Canaccord Genuity Group set a $200.00 price objective on Middleby in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $155.73 on Friday. The stock has a fifty day simple moving average of $144.19 and a two-hundred day simple moving average of $145.46. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of -18.36 and a beta of 1.36. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating 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 business had revenue of $839.91 million during the quarter, compared to analyst estimates of $777.19 million. During the same period in the prior year, the company earned $2.08 earnings per share. 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. Analysts anticipate that The Middleby Corporation will post 9.56 earnings per share for the current year.

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.