The Middleby Co. (NASDAQ:MIDD) Shares Sold by Burney Co.

Burney Co. lowered its stake in The Middleby Co. (NASDAQ:MIDD - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,147 shares of the industrial products company's stock after selling 4,257 shares during the period. Burney Co. owned approximately 0.11% of Middleby worth $7,876,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its holdings in Middleby by 11.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 96,482 shares of the industrial products company's stock valued at $11,830,000 after purchasing an additional 10,115 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Middleby by 35.2% in the second quarter. Epoch Investment Partners Inc. now owns 482,389 shares of the industrial products company's stock worth $59,146,000 after buying an additional 125,675 shares during the period. Sei Investments Co. boosted its holdings in Middleby by 27.4% during the 2nd quarter. Sei Investments Co. now owns 76,345 shares of the industrial products company's stock valued at $9,361,000 after acquiring an additional 16,432 shares during the period. Atria Investments Inc grew its position in Middleby by 533.3% in the 3rd quarter. Atria Investments Inc now owns 10,348 shares of the industrial products company's stock valued at $1,440,000 after acquiring an additional 8,714 shares during the last quarter. Finally, Quest Partners LLC grew its position in Middleby by 142,460.0% in the 3rd quarter. Quest Partners LLC now owns 7,128 shares of the industrial products company's stock valued at $992,000 after acquiring an additional 7,123 shares during the last quarter. 98.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reissued a "hold" rating and set a $160.00 target price (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Canaccord Genuity Group reissued a "buy" rating and issued a $155.00 price objective on shares of Middleby in a research report on Friday, December 20th. Finally, StockNews.com raised shares of Middleby from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Middleby presently has a consensus rating of "Hold" and a consensus price target of $154.67.

Middleby Stock Up 1.2 %

Shares of NASDAQ:MIDD traded up $1.61 during trading hours on Wednesday, hitting $140.91. The company's stock had a trading volume of 529,853 shares, compared to its average volume of 569,439. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The firm's fifty day moving average price is $138.41 and its 200 day moving average price is $136.01. The Middleby Co. has a 52 week low of $118.41 and a 52 week high of $161.01. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 19.44 and a beta of 1.61.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $2.33 earnings per share for the quarter, missing analysts' consensus estimates of $2.48 by ($0.15). The company had revenue of $942.81 million for the quarter, compared to analysts' expectations of $996.60 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. As a group, research analysts expect that The Middleby Co. will post 9.13 EPS for the current year.

About Middleby

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.