Taylor Frigon Capital Management buys $2,105,965 stake in Middleby Corp (MIDD)

Middleby Corp (MIDD) : Taylor Frigon Capital Management scooped up 684 additional shares in Middleby Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 19,208 shares of Middleby Corp which is valued at $2,105,965.Middleby Corp makes up approximately 2.23% of Taylor Frigon Capital Management’s portfolio.

Middleby Corp opened for trading at $110.19 and hit $111.07 on the upside on Monday, eventually ending the session at $110.85, with a gain of 1.10% or 1.21 points. The heightened volatility saw the trading volume jump to 3,11,864 shares. Company has a market cap of $6,352 M.

Other Hedge Funds, Including , Trillium Asset Management reduced its stake in MIDD by selling 1,335 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 61,320 shares of MIDD which is valued at $6,672,842. Middleby Corp makes up approx 0.43% of Trillium Asset Management’s portfolio.Btim Corp. reduced its stake in MIDD by selling 12,207 shares or 21.33% in the most recent quarter. The Hedge Fund company now holds 45,020 shares of MIDD which is valued at $4,899,076. Middleby Corp makes up approx 0.08% of Btim Corp.’s portfolio.

On the company’s financial health, Middleby Corp reported $1.04 EPS for the quarter, based on the information available during the earnings call on Nov 10, 2015. Analyst had a consensus estimate of $1.04. The company had revenue of $449.00 million for the quarter, compared to analysts expectations of $446.45 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

The 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 has a portfolio of cooking and warming equipment; the Food Processing Equipment Group offers a portfolio of processing solutions for customers producing pre-cooked meat products and the Residential Kitchen Equipment Group manufactures sells and distributes kitchen equipment for the residential market. The equipment are used in all types of 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. Its brands include Anets Beech Blodgett Britannia CTX Cozzini Danfotech Drake Brigade Jade and TurboChef among others.

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