Public Employees Retirement Association of Colorado increased its position in shares of The Middleby Corp. (NASDAQ:MIDD) by 2,957.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 420,324 shares of the company’s stock after buying an additional 406,577 shares during the period. Public Employees Retirement Association of Colorado’s holdings in The Middleby Corp. were worth $48,442,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calamos Wealth Management LLC acquired a new stake in shares of The Middleby Corp. during the second quarter worth approximately $260,000. Emerald Mutual Fund Advisers Trust raised its stake in The Middleby Corp. by 2.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 2,355 shares of the company’s stock worth $271,000 after buying an additional 56 shares during the period. Fox Run Management L.L.C. purchased a new stake in The Middleby Corp. during the second quarter worth $277,000. First National Bank of Hutchinson purchased a new stake in The Middleby Corp. during the second quarter worth $542,000. Finally, AXA purchased a new stake in The Middleby Corp. during the first quarter worth $505,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.
Shares of The Middleby Corp. (NASDAQ:MIDD) traded down 0.37% during trading on Friday, hitting $120.06. 315,254 shares of the stock were exchanged. The Middleby Corp. has a 52-week low of $79.11 and a 52-week high of $140.98. The stock has a market cap of $6.91 billion, a PE ratio of 30.24 and a beta of 1.45. The firm has a 50 day moving average of $125.73 and a 200-day moving average of $118.04.
The Middleby Corp. (NASDAQ:MIDD) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. The Middleby Corp. had a net margin of 10.89% and a return on equity of 20.50%. Equities research analysts anticipate that The Middleby Corp. will post $4.80 earnings per share for the current fiscal year.
A number of research firms recently weighed in on MIDD. Zacks Investment Research raised shares of The Middleby Corp. from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday, August 16th. Wellington Shields raised shares of The Middleby Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, September 9th. Finally, Deutsche Bank AG began coverage on shares of The Middleby Corp. in a report on Tuesday, September 6th. They set a “hold” rating and a $123.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The Middleby Corp. has a consensus rating of “Buy” and a consensus target price of $126.80.
The Middleby Corp. Company Profile
The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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