The Middleby Corporation $MIDD Stock Holdings Lifted by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its stake in The Middleby Corporation by 237.8% in Q4 to 24,980 shares worth $3.714 million, and institutional investors now own about 98.55% of the stock.
• Analyst sentiment is mixed but tilted positive with an average rating of "Moderate Buy" and an average target price of $178.57; KeyCorp and Robert W. Baird recently raised targets while JPMorgan and others trimmed ratings.
• Middleby trades around $138.87 with a $6.47 billion market cap; it reported Q4 EPS of $2.42 (beating estimates) and set FY2026 guidance at 9.200–9.360 EPS with Q1 guidance of 1.900–2.020 EPS.

Pictet Asset Management Holding SA grew its stake in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 237.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,980 shares of the industrial products company's stock after acquiring an additional 17,586 shares during the period. Pictet Asset Management Holding SA's holdings in Middleby were worth $3,714,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MIDD. Quent Capital LLC lifted its holdings in shares of Middleby by 10,000.0% during the fourth quarter. Quent Capital LLC now owns 8,181 shares of the industrial products company's stock valued at $1,216,000 after purchasing an additional 8,100 shares during the last quarter. Veracity Capital LLC increased its stake in Middleby by 15.6% in the 4th quarter. Veracity Capital LLC now owns 2,599 shares of the industrial products company's stock worth $386,000 after purchasing an additional 351 shares in the last quarter. Peregrine Capital Management LLC increased its stake in Middleby by 31,927.3% in the 4th quarter. Peregrine Capital Management LLC now owns 35,230 shares of the industrial products company's stock worth $5,238,000 after purchasing an additional 35,120 shares in the last quarter. M&T Bank Corp acquired a new stake in Middleby during the 4th quarter worth about $15,085,000. Finally, Optas LLC lifted its stake in Middleby by 19.6% during the fourth quarter. Optas LLC now owns 1,921 shares of the industrial products company's stock valued at $286,000 after buying an additional 315 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on MIDD shares. KeyCorp raised their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Robert W. Baird upped their price target on shares of Middleby from $159.00 to $197.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of Middleby from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 10th. Wall Street Zen cut shares of Middleby from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Zacks Research downgraded shares of Middleby from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $178.57.

Middleby Stock Performance

NASDAQ:MIDD opened at $138.87 on Monday. The stock has a market cap of $6.47 billion, a PE ratio of -24.24 and a beta of 1.35. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week 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's 50-day moving average is $144.63 and its two-hundred day moving average is $141.69.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.15. The business 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 was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 earnings per share. 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, equities research analysts forecast that The Middleby Corporation will post 9.23 earnings per share for the current fiscal year.

About Middleby

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.

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