Today, State of Wisconsin Investment Board decides to keep it stake in The Middleby Corp. (MIDD) to the level of $4,538,000

Today, State of Wisconsin Investment Board decides to keep it stake in The Middleby Corp. (MIDD) to the level of $4,538,000

State of Wisconsin Investment Board reduced its position in The Middleby Corp. (NASDAQ:MIDD) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,710 shares of the company’s stock after selling 200 shares during the period. State of Wisconsin Investment Board owned about 0.06% of The Middleby Corp. worth $4,538,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MIDD. IFP Advisors Inc boosted its position in shares of The Middleby Corp. by 0.6% in the second quarter. IFP Advisors Inc now owns 876 shares of the company’s stock worth $101,000 after buying an additional 5 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of The Middleby Corp. by 305.6% in the third quarter. BNP Paribas Arbitrage SA now owns 941 shares of the company’s stock worth $116,000 after buying an additional 709 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of The Middleby Corp. by 62.0% in the second quarter. Johnson Financial Group Inc. now owns 1,377 shares of the company’s stock worth $159,000 after buying an additional 527 shares in the last quarter. WFG Advisors LP raised its stake in shares of The Middleby Corp. by 18.1% in the second quarter. WFG Advisors LP now owns 1,754 shares of the company’s stock worth $202,000 after buying an additional 269 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of The Middleby Corp. during the second quarter worth $215,000. 95.31% of the stock is currently owned by institutional investors and hedge funds.

The Middleby Corp. (NASDAQ:MIDD) traded up 2.57% during midday trading on Friday, hitting $139.21. The company had a trading volume of 304,116 shares. The Middleby Corp. has a 52 week low of $79.11 and a 52 week high of $140.98. The stock has a 50 day moving average price of $120.00 and a 200 day moving average price of $121.32. The company has a market capitalization of $8.01 billion, a P/E ratio of 31.35 and a beta of 1.44.

A number of equities research analysts have recently weighed in on MIDD shares. Zacks Investment Research upgraded The Middleby Corp. from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday, August 16th. Deutsche Bank AG started coverage on The Middleby Corp. in a research report on Tuesday, September 6th. They issued a “hold” rating and a $123.00 price objective on the stock. Finally, Wellington Shields upgraded The Middleby Corp. from a “hold” rating to an “accumulate” rating in a research report on Friday, September 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $124.67.

About The Middleby Corp.

The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.

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