MiddlebyMIDD
Market Cap: $7.14B
About: The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
Employees: 10,722
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 122
0.21% more ownership
Funds ownership: 102.11% [Q1] → 102.32% (+0.21%) [Q2]
3% less funds holding
Funds holding: 364 [Q1] → 354 (-10) [Q2]
16% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 63
23% less capital invested
Capital invested by funds: $8.79B [Q1] → $6.75B (-$2.04B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]
65% less call options, than puts
Call options by funds: $42.1M | Put options by funds: $119M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Canaccord Genuity Brian McNamara 57% 1-year accuracy 16 / 28 met price target | 24%upside $164 | Buy Maintained | 30 Aug 2024 |
JP Morgan Tami Zakaria 42% 1-year accuracy 13 / 31 met price target | 10%downside $120 | Underweight Maintained | 2 Aug 2024 |
Baird Mig Dobre 0% 1-year accuracy 0 / 1 met price target | 27%upside $169 | Outperform Maintained | 2 Aug 2024 |
Canaccord Genuity Brian McNamara 57% 1-year accuracy 16 / 28 met price target | 20%upside $159 | Buy Maintained | 25 Jul 2024 |
Keybanc Jeffrey Hammond 70% 1-year accuracy 21 / 30 met price target | 21%upside $160 | Overweight Maintained | 15 Jul 2024 |