Middleby Corporation (MIDD)

The Middleby Corp. stock experienced a decline of 14.34% between March 24, 2025, and March 20, 2026, with a one-year change of -15.80%. Middleby agreed to sell a 51% controlling interest in its Residential Kitchen business to affiliates of 26North Partners LP for $885 million and plans to spin off its Food Processing business into an independent public company by the end of Q2 2026. The company reported its Q4 2025 and fiscal year results on February 26, 2026, projecting fiscal year 2026 revenue below market consensus and repurchased $710 million of stock in 2025 and an additional ~$250 million in early 2026.

The Commercial Foodservice Equipment Group historically experiences slightly stronger revenues in the second and third quarters of the year.

The Middleby Corporation is a global leader in designing, manufacturing, marketing, distributing, and servicing equipment for the commercial foodservice, food processing, and residential kitchen industries, operating through three segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group offers a wide array of cooking, warming, holding, refrigeration, freezing, and beverage equipment, with notable brands including TurboChef, Follett, Star, Blodgett, Pitco, and Taylor. The Food Processing Equipment Group provides comprehensive processing solutions for protein and bakery products, featuring brands like Alkar, Armor Inox, Auto-Bake, Cozzini, and Spooner Vicars. The Residential Kitchen Equipment Group manufactures and distributes premium kitchen equipment for the residential market, with brands such as Viking Range and La Cornue.

The Middleby Corporation has a global presence, operating over 82 facilities and serving customers in more than 110 countries. Its global footprint includes 38 U.S. and 34 international manufacturing facilities. In 2024, the United States and Canada accounted for 68% of its proforma revenue, with Europe & Middle East at 21%, Asia at 7%, and Latin America at 4%.

The Middleby Corporation maintains a strong brand reputation, endorsed by top chefs and recognized with industry awards for its cooking innovations. Its portfolio of over 120 brands, including Middleby Marshall, Blodgett, and TurboChef, are synonymous with quality and innovation in the foodservice industry. There have been no widely reported negative events that have significantly affected The Middleby Corp.'s overall brand reputation in the past year.

Institutional investors primarily own The Middleby Corporation, holding approximately 99.00% of the company's shares as of May 2025. Major institutional owners include Price T Rowe Associates Inc /md/, Vanguard Group Inc, and BlackRock, Inc. Edward Garden is the largest individual shareholder, owning 7.17% of the company. Insider ownership stands at approximately 7.57% of the company’s stock.