Select Equity Group, L.P. Reduces $242M in The Middleby Corporation ($MIDD)
Key Points
- Select Equity Group, L.P. changed its The Middleby Corporation ($MIDD) stake by 50.45% last quarter, cutting to 1,500,467 shares worth $237.82 million.
- Wall Street's consensus rating on $MIDD is Buy and an average price target of $154.89.
- $MIDD last traded around $158.50.
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Select Equity Group, L.P. reduced its position in The Middleby Corporation ($MIDD) by 50.45% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500,467 shares of The Middleby Corporation after selling 1,527,822 shares during the quarter. Select Equity Group, L.P.'s holdings in The Middleby Corporation were worth $237.82 million as of its most recent filing.
The Middleby Corporation Stock Up 40.6%
Shares of The Middleby Corporation ($MIDD) traded around $158.50 on Saturday, up 40.6% for the day.
The Middleby Corporation Earnings
Analysts Set New Price Targets
About The Middleby Corporation
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing. It offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.
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