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How Will Middleby (US:MIDD) Stock React To Wellington Shields’s Upgrade to “Gradually Accumulate” from “Hold”?

NewYork Middleby US:MIDD

Middleby (US:MIDD) Rating Upgrade

Wellington Shields has raised Middleby (US:MIDD) Stock to “Gradually Accumulate” in a note shared with investors on 11 July. MIDD’s old rating was “Hold”.

This stock rating upgrade is well-received by stock speculators, as US:MIDD is right now trading 2.13% higher at $121.77 as of 8:15 AM New York time. Middleby’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has risen 6.00% over the same time period.

MIDD Stock Chart

Institutional Ownership

Disciplined Growth Investors Inc Mn had the most significant stake with ownership of 1.67 million shares as of Q2 2015 for 4.9% of the stock exposure. Weybosset Research & Management Llc is another quite bullish investment professional who is possessing 41,974 shares of Middleby or 3.76% of their stock exposure. Furthermore, Weatherbie Capital Llc have 3.74% of their stock exposure invested in the company for 240,806 shares. The Utah-based fund Alta Capital Management Llc disclosed it had purchased so far a stake worth about 3.33% of the investment professional’s stock portfolio in Middleby. The Texas-based fund Friedberg Investment Management is also positive about the stock, possessing 433,089 shares or 3.31% of their stock exposure.

Middleby (US:MIDD) Profile

Middleby CorpThe Middleby Corporation 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. It is also engaged in the design, manufacture, marketing, distribution and service of a range of foodservice equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market.

Middleby (US:MIDD) traded up 2.13% on 11 July, hitting $121.77. A total of 645,469 shares of the company’s stock traded hands. This is up from average of 429,489 shares. Middleby has a 52 week low of $108.45 and a 52 week high of $150.87. The company has a market cap of $6.94B and a P/E ratio of 23.15.

Get the latest Middleby (US:MIDD) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post How Will Middleby (US:MIDD) Stock React To Wellington Shields’s Upgrade to “Gradually Accumulate” from “Hold”? appeared first on Octafinance.

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How Will Middleby (US:MIDD) Stock React To Wellington Shields’s Upgrade to “Gradually Accumulate” from “Hold”?


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