The Middleby Corporation $MIDD Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 50.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,854 shares of the industrial products company’s stock after selling 15,147 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Middleby were worth $2,208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in Middleby in the third quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Middleby during the second quarter worth $30,000. TFC Financial Management Inc. boosted its stake in shares of Middleby by 23,000.0% in the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 230 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Middleby by 135.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 141 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Middleby during the 3rd quarter valued at $46,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MIDD shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Zacks Research downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. lifted their target price on Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Robert W. Baird increased their price target on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.17.

Middleby Trading Down 1.1%

MIDD opened at $127.19 on Tuesday. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $169.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.57 and a quick ratio of 1.92. The stock has a market capitalization of $6.00 billion, a PE ratio of -22.20 and a beta of 1.36. The firm’s fifty day moving average price is $151.80 and its 200 day moving average price is $140.76.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.15. The company had revenue of $334.59 million during the quarter, compared to analyst estimates of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, research analysts expect that The Middleby Corporation will post 9.11 EPS for the current fiscal 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.