Professional
Added to YB: 2025-07-25
Pitch date: 2025-05-24
MIDD [neutral]
The Middleby Corporation
-5.83%
current return
Author Info
No bio for this author
Company Info
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing.
Market Cap
$6.1B
Pitch Price
$119.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.78
P/E
18.48
EV/Sales
2.37
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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