XTX Topco Ltd Increases Holdings in The Middleby Corporation $MIDD
XTX Topco Ltd increased its holdings in The Middleby Corporation by 50.2% in Q2, owning 15,320 shares worth $2.2 million. Other investors also adjusted their stakes. Analysts have mixed ratings, with a consensus 'Hold' and an average target price of $160.57. Middleby reported Q3 earnings of $2.37 per share, beating estimates, with revenue up 4.2% year-over-year. The stock opened at $117.68, with a market cap of $5.93 billion.
XTX Topco Ltd increased its holdings in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 50.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,320 shares of the industrial products company's stock after purchasing an additional 5,123 shares during the quarter. XTX Topco Ltd's holdings in Middleby were worth $2,206,000 at the end of the most recent reporting period.
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Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aviso Financial Inc. lifted its holdings in shares of Middleby by 2.3% in the second quarter. Aviso Financial Inc. now owns 332,123 shares of the industrial products company's stock worth $47,826,000 after buying an additional 7,322 shares in the last quarter. Prudential Financial Inc. lifted its stake in Middleby by 15.5% in the 2nd quarter. Prudential Financial Inc. now owns 5,410 shares of the industrial products company's stock worth $747,000 after purchasing an additional 726 shares in the last quarter. Vestor Capital LLC boosted its holdings in shares of Middleby by 268.0% during the 2nd quarter. Vestor Capital LLC now owns 3,680 shares of the industrial products company's stock valued at $530,000 after purchasing an additional 2,680 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Middleby by 27.0% during the second quarter. Franklin Resources Inc. now owns 621,794 shares of the industrial products company's stock valued at $89,538,000 after purchasing an additional 132,191 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Middleby by 2.6% in the second quarter. Legal & General Group Plc now owns 90,425 shares of the industrial products company's stock worth $13,021,000 after buying an additional 2,260 shares in the last quarter. Institutional investors own 98.55% of the company's stock.
Wall Street Analyst Weigh In
MIDD has been the subject of a number of recent research reports. Wall Street Zen raised shares of Middleby from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Zacks Research upgraded shares of Middleby from a "strong sell" rating to a "hold" rating in a research report on Monday, October 27th. JPMorgan Chase & Co. raised shares of Middleby from an "underweight" rating to a "neutral" rating and dropped their price objective for the stock from $140.00 to $125.00 in a research note on Friday, November 7th. Wolfe Research set a $163.00 target price on shares of Middleby and gave the company an "outperform" rating in a research report on Thursday, September 4th. Finally, Canaccord Genuity Group lowered their price target on shares of Middleby from $175.00 to $171.00 and set a "buy" rating for the company in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $160.57.
View Our Latest Research Report on MIDD
Middleby Price Performance
Shares of MIDD stock opened at $117.68 on Thursday. The stock has a 50 day moving average price of $127.97 and a 200 day moving average price of $137.29. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $182.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 2.57. The firm has a market capitalization of $5.93 billion, a P/E ratio of 14.97 and a beta of 1.57.
Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.03 by $0.34. Middleby had a return on equity of 14.14% and a net margin of 11.06%.The company had revenue of $982.13 million for the quarter, compared to the consensus estimate of $961.21 million. During the same quarter in the prior year, the company posted $2.33 EPS. Middleby's quarterly revenue was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. As a group, sell-side analysts predict that The Middleby Corporation will post 9.11 earnings per share for the current year.
Middleby Company Profile
(Free Report)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.
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