Campbell & CO Investment Adviser LLC Takes Position in The Middleby Corporation $MIDD

Campbell & CO Investment Adviser LLC bought a new stake in The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,808 shares of the industrial products company’s stock, valued at approximately $404,000.

A number of other hedge funds also recently bought and sold shares of MIDD. Burgundy Asset Management Ltd. grew its stake in shares of Middleby by 5.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company’s stock worth $244,000 after buying an additional 77 shares in the last quarter. Signaturefd LLC grew its position in Middleby by 23.7% in the second quarter. Signaturefd LLC now owns 418 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 80 shares in the last quarter. TCTC Holdings LLC increased its stake in Middleby by 116.7% during the first quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in Middleby by 0.9% during the second quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the industrial products company’s stock valued at $1,584,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. raised its position in Middleby by 16.3% during the second quarter. UMB Bank n.a. now owns 742 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings cut Middleby from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, November 10th. Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Canaccord Genuity Group reduced their target price on shares of Middleby from $175.00 to $171.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. JPMorgan Chase & Co. raised shares of Middleby from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $125.00 in a research note on Friday, November 7th. Finally, Zacks Research upgraded shares of Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.57.

Middleby Trading Down 1.2%

Shares of MIDD opened at $118.04 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.56. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.02 and a beta of 1.57. The company has a 50-day moving average of $131.45 and a 200 day moving average of $138.50. The Middleby Corporation has a 1-year low of $114.57 and a 1-year high of $182.73.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The business had revenue of $982.13 million for the quarter, compared to analyst estimates of $961.21 million. During the same period last year, the company posted $2.33 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. On average, research analysts expect that The Middleby Corporation will post 9.11 EPS for the current year.

Middleby Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.