Middleby Corp (MIDD) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of Middleby Corp (NASDAQ:MIDD) by 15.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,322 shares of the industrial products company’s stock after purchasing an additional 45,922 shares during the quarter. Mackenzie Financial Corp owned about 0.62% of Middleby worth $35,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MIDD. Enlightenment Research LLC acquired a new stake in shares of Middleby in the 4th quarter worth about $41,000. Dubuque Bank & Trust Co. raised its holdings in shares of Middleby by 161.3% in the 4th quarter. Dubuque Bank & Trust Co. now owns 499 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 308 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Middleby in the 4th quarter worth about $54,000. ETF Managers Group LLC raised its holdings in shares of Middleby by 18.3% in the 4th quarter. ETF Managers Group LLC now owns 1,073 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 166 shares during the last quarter. Finally, Eukles Asset Management acquired a new stake in shares of Middleby in the 4th quarter worth about $153,000.

NASDAQ:MIDD opened at $126.27 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.88 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 20.50 and a beta of 1.90. Middleby Corp has a 52 week low of $96.65 and a 52 week high of $137.16.

MIDD has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 15th. BidaskClub lowered shares of Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. TheStreet upgraded shares of Middleby from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Robert W. Baird upgraded shares of Middleby from a “neutral” rating to an “outperform” rating and set a $142.00 price objective for the company in a research note on Tuesday, January 22nd. Finally, Seaport Global Securities upgraded shares of Middleby from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $140.50.

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About Middleby

The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.

See Also: Bear Market

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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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