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Middleby Corp (MIDD) Has Fallen 21% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Del Principe O’Brien Financial Advisors top stock picks. Del Principe O’Brien Financial Advisors, an investment management firm, is bullish on Middleby Corp (NASDAQ:MIDD) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Middleby Corp (NASDAQ:MIDD) stock. Middleby Corp (NASDAQ:MIDD) is a global leader in the foodservice equipment industry.

In August 2019, Del Principe O’Brien Financial Advisors had released its Q2 2019 investor letter. Middleby Corp (NASDAQ:MIDD) stock has posted a return of -20.9% in the trailing one year period, underperforming the S&P 500 Index which returned 9.0% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Middleby Corp (NASDAQ:MIDD) stock has fallen by -15.7%.

In Q2 2019 investor letter, Del Principe O’Brien Financial Advisors said the fund posted a return of 7.1% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Del Principe O’Brien Financial Advisors about Middleby Corp (NASDAQ:MIDD) stock in the Q2 2019 investor letter.

“We first purchased shares of Middleby at a discount in November 2017, and since then, the company has continued to assemble a strong portfolio of brands and technologies in the restaurant, food processing, and residential kitchen industries. Over the past two years, Middleby has completed fifteen acquisitions and continues to report a healthy backlog of orders in each of their three business segments. So far, our investment in the company has allowed us to realize a gain of 32%.”

In Q1 2020, the number of bullish hedge fund positions on Middleby Corp (NASDAQ:MIDD) stock decreased by about 26% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Middleby’s growth potential. Our calculations showed that Middleby Corp (NASDAQ:MIDD) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.