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MIDD

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

143.37USD-2.05 (-1.41%)Market Closed

Market Summary

MIDD
USD143.37-2.05
Market Closed
-1.41%

MIDD Stock Price

View Fullscreen

MIDD RSI Chart

MIDD Valuation

Market Cap

7.7B

Price/Earnings (Trailing)

19.17

Price/Sales (Trailing)

1.9

EV/EBITDA

12.73

Price/Free Cashflow

14.14

MIDD Price/Sales (Trailing)

MIDD Profitability

EBT Margin

12.87%

Return on Equity

12.34%

Return on Assets

5.8%

Free Cashflow Yield

7.07%

MIDD Fundamentals

MIDD Revenue

Revenue (TTM)

4.0B

Rev. Growth (Yr)

-2.24%

Rev. Growth (Qtr)

2.85%

MIDD Earnings

Earnings (TTM)

400.9M

Earnings Growth (Yr)

-42.72%

Earnings Growth (Qtr)

-29.78%

Breaking Down MIDD Revenue

Last 7 days

-5.4%

Last 30 days

-6.5%

Last 90 days

3.2%

Trailing 12 Months

3.1%

How does MIDD drawdown profile look like?

MIDD Financial Health

Current Ratio

2.31

Debt/Equity

0.73

Debt/Cashflow

0.26

MIDD Investor Care

Buy Backs (1Y)

0.01%

Diluted EPS (TTM)

7.41

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
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Very Cheap Stocks
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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
Apr 12, 2024
AdvisorNet Financial, Inc
reduced
-64.29
-1,256
804
-%
Apr 12, 2024
Sarasin & Partners LLP
reduced
-0.21
12,135,800
146,560,000
1.44%
Apr 11, 2024
MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID
unchanged
-
49,713
586,884
0.03%
Apr 11, 2024
Bangor Savings Bank
unchanged
-
1,362
16,079
-%
Apr 11, 2024
Ballentine Partners, LLC
reduced
-10.12
-5,627
307,109
0.01%
Apr 11, 2024
Trust Co
new
-
14,471
14,471
-%
Apr 11, 2024
DHJJ Financial Advisors, Ltd.
unchanged
-
2,410
28,460
0.01%
Apr 10, 2024
PARK AVENUE SECURITIES LLC
added
17.5
61,000
275,000
-%
Apr 10, 2024
Bruce G. Allen Investments, LLC
unchanged
-
191
2,251
-%
Apr 10, 2024
Ridgewood Investments LLC
unchanged
-
69,546
821,022
0.43%

1–10 of 44

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
Apr 10, 2024
SC 13G/A
Major Ownership Report
Mar 29, 2024
DEF 14A
DEF 14A
Mar 29, 2024
DEFA14A
DEFA14A
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading

Peers (Alternatives to Middleby Corp-The)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
185.9B
67.1B
4.91% 62.74%
17.99
2.77
12.84% 54.12%
167.3B
68.0B
-8.99% 61.05%
17.65
2.46
16.96% 2688.24%
42.0B
34.1B
7.61% 26.60%
49.95
1.23
21.34% -61.52%
41.4B
6.6B
-1.34% 29.44%
31.5
6.27
7.26% 13.25%
12.7B
14.9B
2.29% 13.25%
206.11
0.86
12.31% -81.65%
MID-CAP
9.6B
6.9B
3.23% 84.85%
62.68
1.38
5.64% 109.59%
6.9B
15.5B
4.34% 32.65%
49.68
0.44
12.59% -4.48%
6.1B
4.3B
4.86% 39.56%
32.6
1.41
19.51% -1.03%
3.9B
2.3B
-1.62% 34.00%
24.51
1.69
2.90% -35.23%
2.6B
1.7B
4.91% 21.82%
18.98
1.53
11.63% 33.59%
SMALL-CAP
1.0B
1.4B
-5.55% -56.18%
16.75
0.76
-24.65% -34.19%
868.1M
35.8M
1.56% -20.73%
-0.9
24.22
-27.93% -23.21%
789.2M
573.3M
21.73% 53.04%
24.39
1.38
26.00% -2.24%
370.7M
135.4M
-14.16% 185.11%
-22.6
2.74
-25.90% 65.37%
250.6M
99.2M
33.22% 314.29%
-20.46
2.53
-3.69% -37.37%

Middleby Corp-The News

Latest updates
Defense World11 Apr 202409:27 am
Yahoo Finance05 Apr 202407:00 am
Zacks Investment Research21 Feb 202408:00 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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue2.8%1,0099811,0401,0071,0329931,014995866818809758729635472677788724761687757
Gross Profit3.0%387375393379390365361331316300304276256223153250290270286257281
  S&GA Expenses-2.5%192196204215200201189206172175166155147129112144149144145156140
EBITDA Margin-0.19*-0.20*0.19*0.19*0.19*0.22*0.23*0.24*0.24*0.20*0.18*0.18*--------
Income Taxes-70.2%11.0036.0039.0033.0029.0035.0038.0027.0033.0055.0014.0029.0014.0018.006.0023.0032.0024.0033.0021.0033.00
Earnings Before Taxes-39.8%87.0014415613216213915111213623113411866.0079.0027.0096.0014110612590.00128
EBT Margin-12.1%0.13*0.15*0.14*0.14*0.14*0.14*0.17*0.18*0.19*0.18*0.14*0.11*---------
Net Income-29.8%76.0010911799.0013310411386.0010317612189.0052.0061.0021.0074.0010982.0092.0069.0095.00
Net Income Margin-11.9%0.10*0.11*0.11*0.11*0.11*0.10*0.13*0.14*0.15*0.14*0.11*0.09*---------
Free Cashflow21.4%24019839.0067.0014365.0087.00-29.8461.0016310251.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.2%6,9076,9236,9856,9566,8756,6726,5796,4746,3845,7735,4235,2905,2025,0205,4155,2785,0024,9294,8874,6884,550
  Current Assets0.3%1,9661,9612,0362,0612,0061,9511,9351,8241,7071,5081,5261,3931,2701,2411,6511,5081,2091,2001,1851,1111,062
    Cash Equivalents48.0%24716715715716214516714718025139630926822065038195.0087.0082.0081.0072.00
  Inventory-7.8%9361,0151,0831,1161,0781,0631,009925837686609574540558608624586614612580522
  Net PPE2.4%511499483462444424418383381370337336344344343346352343337318315
  Goodwill1.4%2,4862,4522,4522,4292,4122,2872,2212,2362,2432,1061361,9291,9341,8551,8421,8361,8501,80944.0038.001,743
  Current Liabilities-1.5%851864878990988938976918915823732714700597505607593585565562559
  Long Term Debt-6.1%2,3802,5362,6882,6882,6772,6932,6472,5702,3871,8661,7961,8011,7071,8092,3732,1771,8701,9561,9921,8891,889
    LT Debt, Current1.1%45.0044.0044.0044.0046.0045.0049.0028.0027.0022.0023.0021.0023.0023.0024.0022.003.003.003.003.003.00
    LT Debt, Non Current-6.1%2,3802,5362,6882,6882,6772,6932,6472,5702,3871,8661,7961,8011,7071,8092,3732,1771,8701,9561,9921,8891,889
Shareholder's Equity5.0%3,2503,0953,0002,8622,7982,4992,4182,4282,4942,2992,1261,9951,9772,0311,9401,8951,9471,8561,7981,7261,665
  Retained Earnings2.0%3,9003,8233,7153,5983,4993,3663,2613,1483,0622,9602,7842,6632,5692,5172,4562,4352,3612,2522,1702,0782,009
  Additional Paid-In Capital3.4%479463444426408393377364357381371361433416407395387383381378377
Accumulated Depreciation3.9%340327320308300283279273266257247238230224213203198189182175168
Shares Outstanding0.0%54.0054.0054.0054.0054.0054.0054.0055.0055.0055.0055.0055.00---------
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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations16.7%255,687219,15361,94892,002159,10383,991104,802-15,34477,359173,659112,68659,695208,603151,42277,62387,137147,681128,15467,64233,948116,867
  Share Based Compensation18.9%15,70013,2009,90012,20015,78015,70013,20013,70015,18210,2009,3007,6005,1605,3005,0004,1594,8202,0003001,069-2,787
Cashflow From Investing69.4%-16,518-53,958-48,816-36,450-90,451-150,609-83,133-24,126-596,182-388,457-17,184-7,038-53,218-10,358-3,959-39,222-54,874-84,074-168,227-20,492-53,734
Cashflow From Financing-9.7%-165,171-150,533-11,858-63,377-64,96354,8569,0178,721448,42873,092-10,446-8,285-117,630-573,169193,233245,098-87,060-35,555101,281-4,111-67,493
  Buy Backs-21.00-6,89667,64825,09771.0069,596170,01326,7881156001,7628,6283952,24974,600-58.008185,268-

MIDD Income Statement

2023-12-30
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Net sales$ 4,036,605$ 4,032,853$ 3,250,792
Cost of Sales2,502,5432,586,2992,055,932
Gross profit1,534,0621,446,5541,194,860
Selling, General and Administrative Expense806,946797,234667,976
Restructuring Charges14,1349,7167,655
Impairments78,11400
Merger termination fee00(110,000)
Gain on sale of plant00(763)
Income from operations[1]634,868639,604629,992
Net interest expense and deferred financing amortization, net120,34888,97757,157
Net Periodic Benefit Cost, Other Than Service Cost & Curtailment(9,071)(42,681)(45,066)
Other expense (income), net4,21328,893(1,603)
Earnings before income taxes519,378564,415619,504
Provision for income taxes118,496127,846131,012
Net earnings$ 400,882$ 436,569$ 488,492
Net earnings per share:   
Basic (in usd per share)$ 7.48$ 8.07$ 8.85
Diluted (in usd per share)$ 7.41$ 7.95$ 8.62
Weighted average number of shares   
Basic (in shares)53,577,00054,095,00055,216,000
Dilutive common stock equivalents (in shares)509,000852,0001,449,000
Diluted (in shares)54,086,00054,947,00056,665,000
[1]Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details

MIDD Balance Sheet

2023-12-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 247,496$ 162,001
Accounts Receivable, Net, Current644,576631,134
Inventory, Net935,8671,077,729
Prepaid expenses and other112,690125,640
Prepaid Taxes25,2309,492
Total current assets1,965,8592,005,996
Property, Plant and Equipment, Net510,898443,528
Goodwill2,486,3102,411,834
Other intangibles1,693,0761,794,232
Deferred Income Tax Assets, Net7,9456,738
Assets for Plan Benefits, Defined Benefit Plan38,5350
Other assets204,069212,538
Total Assets6,906,6926,874,866
Current liabilities:  
Current maturities of long-term debt44,82245,583
Accounts payable227,080271,374
Accrued expenses579,192671,327
Total current liabilities851,094988,284
Long-term debt2,380,3732,676,741
Deferred Tax and Other Liabilities, Noncurrent216,143220,204
Liability, Defined Benefit Pension Plan, Noncurrent12,12814,948
Other non-current liabilities197,065176,942
Stockholders' equity:  
Common Stock, Value, Issued148147
Paid-in capital479,216408,376
Treasury Stock, Value906,031831,176
Retained earnings3,899,7543,498,872
Accumulated other comprehensive loss(223,198)(278,472)
Total stockholders' equity3,249,8892,797,747
Total liabilities and stockholders' equity$ 6,906,692$ 6,874,866
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 Mon Apr 15 2024, market cap of Middleby Corp-The is 7.69 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 Mon Apr 15 2024, MIDD's PE ratio (Price to Earnings) is 19.17 and Price to Sales (PS) ratio is 1.9. 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 0.05 (multiply by 100 for percentage) rate of return.