Professional
Added to YB: 2025-07-25
Pitch date: 2025-05-24
MIDD [neutral]
The Middleby Corporation
-0.81%
current return
Author Info
No bio for this author
Company Info
The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.
Market Cap
$5.9B
Pitch Price
$148.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.41
P/E
-30.66
EV/Sales
2.03
Sector
Machinery
Category
N/A
Turtle Creek Portfolio Holding: The Middleby Corporation
MIDD (holding update): Global leader in commercial foodservice equipment serving major chains. Activist investor Ed Garden acquired 5%. Three strategic initiatives announced: 1) Spin-off food processing division by early 2026, 2) Tripled share buyback to 6-8% annually, 3) More focused M&A strategy. US-centric manufacturing positions well for tariffs vs competitors.
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