Bank of New York Mellon Corp Raises Stock Holdings in The Middleby Corporation $MIDD

Bank of New York Mellon Corp increased its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 1.5% in the first quarter, HoldingsChannel reports. The firm owned 431,007 shares of the industrial products company’s stock after buying an additional 6,378 shares during the quarter. Bank of New York Mellon Corp’s holdings in Middleby were worth $57,143,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Middleby by 49.2% in the 4th 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 in the last quarter. Invesco Ltd. raised its position in shares of Middleby by 1,046.4% in the third quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after buying an additional 929,688 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Middleby by 4,256.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after buying an additional 705,560 shares during the period. Cooke & Bieler LP acquired a new stake in Middleby during the fourth quarter worth approximately $48,113,000. Finally, Marshall Wace LLP boosted its position in Middleby by 260.0% during the third quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock worth $55,822,000 after acquiring an additional 303,293 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Price Performance

MIDD stock opened at $131.14 on Friday. The company has a market cap of $5.93 billion, a PE ratio of -15.46 and a beta of 1.33. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $153.27 and a two-hundred day moving average price of $150.50. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $180.13.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The company had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, research analysts predict that The Middleby Corporation will post 9.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MIDD shares. Jefferies Financial Group reduced their price target on Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Monday. Canaccord Genuity Group set a $200.00 target price on Middleby in a research report on Friday, May 8th. KeyCorp set a $152.00 price target on Middleby in a research note on Tuesday, July 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Middleby presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.88.

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.