Hsbc Holdings PLC Makes New Investment in The Middleby Corporation $MIDD

Hsbc Holdings PLC acquired a new stake in The Middleby Corporation (NASDAQ:MIDD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,547 shares of the industrial products company’s stock, valued at approximately $2,464,000.

Other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Middleby by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock valued at $23,884,000 after purchasing an additional 9,936 shares during the last quarter. Focus Partners Wealth raised its position in shares of Middleby by 344.7% in the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 1,727 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after buying an additional 241 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Middleby during the 2nd quarter worth about $202,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Oppenheimer initiated coverage on Middleby in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 target price on the stock. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Canaccord Genuity Group set a $200.00 price target on Middleby in a report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Middleby currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.62.

Middleby Stock Performance

Shares of NASDAQ:MIDD opened at $173.02 on Tuesday. The company’s 50 day moving average price is $153.72 and its two-hundred day moving average price is $150.95. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $176.44. The firm has a market cap of $7.82 billion, a PE ratio of -20.40 and a beta of 1.36. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last announced its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The company had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. During the same period last year, the firm earned $2.08 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Equities research analysts predict that The Middleby Corporation will post 9.58 earnings per share for the current year.

Middleby Company 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.