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MIDD

MIDD - Middleby Corp-The Stock Price, Fair Value and News

133.08USD+0.44 (+0.33%)Market Closed

Market Summary

MIDD
USD133.08+0.44
Market Closed
0.33%

MIDD Stock Price

View Fullscreen

MIDD RSI Chart

MIDD Valuation

Market Cap

7.2B

Price/Earnings (Trailing)

18.42

Price/Sales (Trailing)

1.81

EV/EBITDA

12.22

Price/Free Cashflow

11.84

MIDD Price/Sales (Trailing)

MIDD Profitability

EBT Margin

12.70%

Return on Equity

11.73%

Return on Assets

5.6%

Free Cashflow Yield

8.44%

MIDD Fundamentals

MIDD Revenue

Revenue (TTM)

4.0B

Rev. Growth (Yr)

-7.99%

Rev. Growth (Qtr)

-8.1%

MIDD Earnings

Earnings (TTM)

388.4M

Earnings Growth (Yr)

-12.64%

Earnings Growth (Qtr)

13.47%

Breaking Down MIDD Revenue

Last 7 days

-3.6%

Last 30 days

-5.8%

Last 90 days

-7.9%

Trailing 12 Months

-6.4%

How does MIDD drawdown profile look like?

MIDD Financial Health

Current Ratio

2.4

Debt/Equity

0.72

Debt/Cashflow

0.29

MIDD Investor Care

Shares Dilution (1Y)

0.47%

Diluted EPS (TTM)

7.18

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20244.0B000
20234.0B4.1B4.1B4.0B
20223.5B3.7B3.9B4.0B
20212.6B2.9B3.1B3.3B
20203.0B2.7B2.6B2.5B
20192.8B2.9B2.9B3.0B
20182.4B2.5B2.6B2.7B
20172.3B2.3B2.3B2.3B
20161.9B2.1B2.2B2.3B
20151.7B1.7B1.7B1.8B
20141.5B1.5B1.6B1.6B
20131.2B1.3B1.3B1.4B
2012990.3M990.3M1.1B1.1B
2011787.3M873.9M953.8M990.3M
2010625.8M640.6M664.4M719.1M
20090650.1M648.4M646.6M
2008000651.9M
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Tracking the Latest Insider Buys and Sells of Middleby Corp-The

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 06, 2024
miller john r iii
acquired
-
-
1,140
-
Mar 06, 2024
shah tejas p.
acquired
-
-
1,140
-
Mar 06, 2024
ziyad nassem
acquired
-
-
1,140
-
Mar 06, 2024
palisi chapin sarah
acquired
-
-
1,140
-
Mar 06, 2024
obrien gordon
acquired
-
-
1,140
-
Mar 06, 2024
scherger stephen r.
acquired
-
-
1,140
-
Mar 06, 2024
mccarthy cathy l
acquired
-
-
1,140
-
Mar 06, 2024
nerbonne robert a
acquired
-
-
1,140
-
Mar 05, 2024
mccarthy cathy l
sold
-153,125
153
-1,000
-
Mar 01, 2024
fuchsen matthew r
sold (taxes)
-182,514
154
-1,184
chief development officer

1–10 of 50

Which funds bought or sold MIDD recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 17, 2024
Lummis Asset Management, LP
reduced
-22.07
-245,141
1,404,340
1.88%
May 16, 2024
JANE STREET GROUP, LLC
added
34.85
6,500,890
20,234,900
-%
May 16, 2024
Tidal Investments LLC
added
278
1,104,880
1,456,760
0.02%
May 16, 2024
LBP AM SA
sold off
-100
-2,826,360
-
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.17
301,161
8,659,830
0.01%
May 16, 2024
COMERICA BANK
reduced
-2.02
309,902
4,709,120
0.02%
May 15, 2024
NOMURA HOLDINGS INC
new
-
870,054
870,054
-%
May 15, 2024
Petrus Trust Company, LTA
new
-
281,383
281,383
0.03%
May 15, 2024
Meiji Yasuda Asset Management Co Ltd.
new
-
220,765
220,765
0.01%
May 15, 2024
JANUS HENDERSON GROUP PLC
reduced
-10.82
-97,175
3,711,320
-%

1–10 of 32

Are Funds Buying or Selling MIDD?

Are funds buying MIDD calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MIDD
No. of Funds

Unveiling Middleby Corp-The's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Apr 10, 2024
select equity group, l.p.
10.3%
5,515,084
SC 13G/A
Feb 14, 2024
select equity group, l.p.
9.2%
4,954,096
SC 13G/A
Feb 13, 2024
goldman sachs group inc
1.0%
531,229
SC 13G/A
Feb 13, 2024
vanguard group inc
9.51%
5,097,428
SC 13G/A
Feb 09, 2024
wellington management group llp
7.71%
4,131,574
SC 13G/A
Feb 07, 2024
victory capital management inc
-
2,762,555
SC 13G
Jan 25, 2024
blackrock inc.
8.3%
4,457,976
SC 13G/A
Feb 14, 2023
select equity group, l.p.
8.42%
4,536,791
SC 13G
Feb 09, 2023
vanguard group inc
9.35%
5,036,521
SC 13G/A
Feb 06, 2023
wellington management group llp
7.83%
4,219,845
SC 13G/A

Recent SEC filings of Middleby Corp-The

View All Filings
Date Filed Form Type Document
May 17, 2024
8-K
Current Report
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 09, 2024
10-Q
Quarterly Report
May 08, 2024
8-K
Current Report

Peers (Alternatives to Middleby Corp-The)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
176.0B
67.0B
-0.57% 65.92%
15.65
2.63
8.59% 58.17%
175.0B
69.5B
2.71% 53.73%
49.85
2.52
16.04% -60.91%
39.1B
34.0B
-1.97% 33.06%
18.95
1.15
12.85% -19.64%
38.6B
6.7B
-6.32% 12.86%
29.28
5.73
7.11% 10.53%
12.2B
15.3B
-3.16% 12.28%
-885.03
0.79
13.36% -103.70%
MID-CAP
9.8B
6.9B
-3.29% 52.06%
57.15
1.42
3.19% 62.26%
6.6B
15.5B
-3.16% 34.99%
21.56
0.42
7.53% 3145.00%
6.5B
4.4B
8.65% 40.81%
27.89
1.48
17.31% 1.26%
4.2B
2.4B
12.71% 24.81%
29.5
1.79
4.48% -49.27%
2.3B
1.7B
-5.99% 7.81%
17.35
1.37
8.96% 15.52%
SMALL-CAP
1.4B
1.4B
46.91% -37.28%
24.47
1.02
-13.54% -25.70%
872.9M
573.3M
9.79% 57.95%
26.98
1.52
26.00% -2.24%
732.5M
35.8M
-15.62% -26.90%
-0.78
20.44
-27.93% -18.06%
430.6M
135.4M
17.93% 212.03%
-26.25
3.18
-25.90% 65.37%
247.8M
100.1M
1.25% 441.48%
-30.37
2.47
2.80% 39.07%

Middleby Corp-The News

Latest updates
Yahoo Movies Canada35 hours ago
Yahoo Canada Shine On08 May 202407:30 am
Yahoo Lifestyle UK06 May 202404:49 am
Yahoo Movies UK03 May 202410:32 am

Middleby Corp-The Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-8.1%9271,0099811,0401,0071,0329931,014995866818809758729635472677788724761687
Gross Profit-10.4%346387375393379390365361331316300304276256223153250290270286257
  S&GA Expenses7.5%206192196204215200201189206172175166155147129112144149144145156
EBITDA Margin-0.6%0.19*0.19*0.20*0.20*0.19*0.19*0.19*0.22*0.23*0.24*0.24*0.20*---------
Income Taxes166.1%28.0011.0036.0039.0033.0029.0035.0038.0027.0033.0055.0014.0029.0014.0018.006.0023.0032.0024.0033.0021.00
Earnings Before Taxes32.1%11587.0014415613216213915111213623113411866.0079.0027.0096.0014110612590.00
EBT Margin-1.3%0.13*0.13*0.15*0.14*0.14*0.14*0.14*0.17*0.18*0.19*0.18*0.14*---------
Net Income13.5%87.0076.0010911799.0013310411386.0010317612189.0052.0061.0021.0074.0010982.0092.0069.00
Net Income Margin-1.2%0.10*0.10*0.11*0.11*0.11*0.11*0.10*0.13*0.14*0.15*0.14*0.11*---------
Free Cashflow-47.1%12724019839.0067.0014365.0087.00-29.8461.00163102---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.3%6,9306,9076,9236,9856,9566,8756,6726,5796,4746,3845,7735,4235,2905,2025,0205,4155,2785,0024,9294,8874,688
  Current Assets2.9%2,0221,9661,9612,0362,0612,0061,9511,9351,8241,7071,5081,5261,3931,2701,2411,6511,5081,2091,2001,1851,111
    Cash Equivalents37.8%34124716715715716214516714718025139630926822065038195.0087.0082.0081.00
  Inventory0.8%9449361,0151,0831,1161,0781,0631,009925837686609574540558608624586614612580
  Net PPE-0.5%508511499483462444424418383381370337336344344343346352343337318
  Goodwill-0.5%2,4732,4862,4522,4522,4292,4122,2872,2212,2362,2432,1061361,9291,9341,8551,8421,8361,8501,80944.0038.00
  Current Liabilities-1.2%841851864878990988938976918915823732714700597505607593585565562
  Long Term Debt-0.4%2,3702,3802,5362,6882,6882,6772,6932,6472,5702,3871,8661,7961,8011,7071,8092,3732,1771,8701,9561,9921,889
    LT Debt, Current-0.6%45.0045.0044.0044.0044.0046.0045.0049.0028.0027.0022.0023.0021.0023.0023.0024.0022.003.003.003.003.00
    LT Debt, Non Current-100.0%-2,3802,5362,6882,6882,6772,6932,6472,5702,3871,8661,7961,8011,7071,8092,3732,1771,8701,9561,9921,889
Shareholder's Equity1.9%3,3113,2503,0953,0002,8622,7982,4992,4182,4282,4942,2992,1261,9951,9772,0311,9401,8951,9471,8561,7981,726
  Retained Earnings2.2%3,9863,9003,8233,7153,5983,4993,3663,2613,1483,0622,9602,7842,6632,5692,5172,4562,4352,3612,2522,1702,078
  Additional Paid-In Capital2.9%493479463444426408393377364357381371361433416407395387383381378
Accumulated Depreciation3.0%350340327320308300283279273266257247238230224213203198189182175
Shares Outstanding0.1%54.0054.0054.0054.0054.0054.0054.0054.0055.0055.0055.0055.00---------
Float----7,833---6,752---9,526---4,005---7,495-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-44.9%140,901255,687219,15361,94892,002159,10383,991104,802-15,34477,359173,659112,68659,695208,603151,42277,62387,137147,681128,15467,64233,948
  Share Based Compensation-12.0%13,82215,70013,2009,90012,20015,78015,70013,20013,70015,18210,2009,3007,6005,1605,3005,0004,1594,8202,0003001,069
Cashflow From Investing2.6%-16,089-16,518-53,958-48,816-36,450-90,451-150,609-83,133-24,126-596,182-388,457-17,184-7,038-53,218-10,358-3,959-39,222-54,874-84,074-168,227-20,492
Cashflow From Financing82.7%-28,558-165,171-150,533-11,858-63,377-64,96354,8569,0178,721448,42873,092-10,446-8,285-117,630-573,169193,233245,098-87,060-35,555101,281-4,111
  Buy Backs80828.6%16,99521.00-6,89667,64825,09771.0069,596170,01326,7881156001,7628,6283952,24974,600-58.008185,268
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MIDD Income Statement

2024-03-30
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Revenue from Contract with Customer, Excluding Assessed Tax$ 926,926$ 1,007,396
Cost of sales580,568628,661
Gross profit346,358378,735
Selling, General and Administrative Expense206,048215,407
Restructuring Charges3,1772,306
Income from operations[1],[2]137,133161,022
Net interest expense and deferred financing amortization, net26,27429,462
Net periodic pension benefit (other than service costs)(3,678)(2,251)
Other (income) expense, net(300)1,896
Earnings before income taxes114,837131,915
Provision for income taxes28,26932,826
Net earnings$ 86,568$ 99,089
Net earnings per share:  
Earnings Per Share, Basic$ 1.61$ 1.85
Earnings Per Share, Diluted$ 1.59$ 1.82
Weighted average number of shares  
Basic (in shares)53,654,00053,594,000
Dilutive common stock equivalents (in shares)740,000783,000
Diluted (in shares)54,394,00054,377,000
Comprehensive income$ 64,523$ 114,918
[1].
[2]Restructuring expenses are allocated in operating income by segment.
(4)Includes depreciation on right of use assets.

MIDD Balance Sheet

2024-03-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 30, 2023
Current assets:  
Cash and cash equivalents$ 341,018$ 247,496
Accounts receivable, net of reserve for doubtful accounts of $23,696 and $23,464605,180644,576
Inventories, net943,679935,867
Prepaid expenses and other116,302112,690
Prepaid Taxes15,74425,230
Total current assets2,021,9231,965,859
Property, plant and equipment, net of accumulated depreciation of $349,673 and $339,528508,140510,898
Goodwill2,473,3232,486,310
Other intangibles1,669,4721,693,076
Long-term deferred tax assets8,0337,945
Assets for Plan Benefits, Defined Benefit Plan42,81738,535
Other assets206,697204,069
Total assets6,930,4056,906,692
Current liabilities:  
Current maturities of long-term debt44,54344,822
Accounts payable233,432227,080
Accrued expenses562,908579,192
Total current liabilities840,883851,094
Long-term debt2,370,1072,380,373
Deferred Income Tax Liabilities, Net207,806216,143
Liability, Defined Benefit Pension Plan, Noncurrent11,99112,128
Other non-current liabilities188,379197,065
Stockholders' equity:  
Preferred stock, $0.01 par value; nonvoting; 2,000,000 shares authorized; none issued00
Common stock, $0.01 par value; 64,210,323 and 63,942,340 shares issued in 2024 and 2023, respectively148148
Cumulative Effect Period of Adoption ASU 2020-06, Paid-in capital493,038479,216
Treasury stock, at cost; 10,448,781 and 10,338,922 shares in 2024 and 2023, respectively(923,026)(906,031)
Cumulative Effect Period of Adoptions ASU 2020-06, Retained earnings3,986,3223,899,754
Accumulated other comprehensive loss(245,243)(223,198)
Total stockholders' equity3,311,2393,249,889
Total liabilities and stockholders' equity$ 6,930,405$ 6,906,692
MIDD
The Middleby Corporation designs, manufactures, markets, 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, and IoT solutions. The Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, formers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as bakery products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, mixers, rotisseries, and ventilation and outdoor cooking equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is headquartered in Elgin, Illinois.
 CEO
 WEBSITEmiddleby.com
 INDUSTRYApparel Manufacturing
 EMPLOYEES11268

Middleby Corp-The Frequently Asked Questions


What is the ticker symbol for Middleby Corp-The? What does MIDD stand for in stocks?

MIDD is the stock ticker symbol of Middleby Corp-The. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Middleby Corp-The (MIDD)?

As of Fri May 17 2024, market cap of Middleby Corp-The is 7.16 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MIDD stock?

You can check MIDD's fair value in chart for subscribers.

What is the fair value of MIDD stock?

You can check MIDD's fair value in chart for subscribers. The fair value of Middleby Corp-The is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Middleby Corp-The is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MIDD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Middleby Corp-The a good stock to buy?

The fair value guage provides a quick view whether MIDD is over valued or under valued. Whether Middleby Corp-The is cheap or expensive depends on the assumptions which impact Middleby Corp-The's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MIDD.

What is Middleby Corp-The's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MIDD's PE ratio (Price to Earnings) is 18.42 and Price to Sales (PS) ratio is 1.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MIDD PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Middleby Corp-The's stock?

In the past 10 years, Middleby Corp-The has provided 0.058 (multiply by 100 for percentage) rate of return.