UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,713 Shares of The Middleby Corporation $MIDD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 6.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,789 shares of the industrial products company’s stock after selling 7,713 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Middleby worth $19,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Advisors LLC lifted its position in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Middleby during the second quarter valued at approximately $27,000. Danske Bank A S purchased a new position in shares of Middleby during the third quarter valued at approximately $27,000. Larson Financial Group LLC boosted its position in shares of Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its stake in shares of Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after buying an additional 144 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MIDD. Seaport Research Partners set a $145.00 price objective on Middleby in a research note on Wednesday, August 12th. Jefferies Financial Group lowered their price target on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $160.00 price objective on shares of Middleby and gave the company a “buy” rating in a research report on Tuesday. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, KeyCorp set a $152.00 price objective on shares of Middleby in a research note on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.43.

Middleby Trading Down 0.6%

Shares of NASDAQ:MIDD opened at $111.75 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The Middleby Corporation has a 1 year low of $109.68 and a 1 year high of $180.13. The company has a market cap of $5.05 billion, a P/E ratio of -12.07 and a beta of 1.31. The stock’s fifty day moving average price is $131.41 and its 200-day moving average price is $143.65.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.Middleby’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Sell-side analysts expect that The Middleby Corporation will post 6.85 earnings per share for the current year.

Key Headlines Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks Research projects EPS growth from $6.84 in fiscal 2026 to $7.44 in fiscal 2027 and $7.99 in fiscal 2028, indicating expectations for improving profitability over the next two years.
• Neutral Sentiment: The firm forecasts quarterly EPS of $1.74 for Q3 2026 and $1.81 for Q4 2026. Its fiscal 2026 estimate of $6.84 is essentially in line with the broader consensus estimate of $6.85, suggesting little near-term earnings surprise.
• Negative Sentiment: Zacks Research reiterated a “Strong Sell” stance on Middleby, which can weigh on investor sentiment and likely contributes to the stock’s decrease. The near-term forecast also implies earnings remain below the company’s longer-term growth potential, with estimated EPS of $1.71 in Q1 2027 before gradually increasing in subsequent quarters.

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.