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 Video: What is a Stock Split?
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| Middleby is engaged in the design, manufacture, marketing, distribution, and service of a line of cooking and warming equipment used in 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 primarily used in the residential market. Co. conducts its business through three principal business segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. According to our MIDD split history records, Middleby has had 2 splits. | |
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Middleby (MIDD) has 2 splits in our MIDD split history database. The first split for MIDD took place on June 18, 2007. This was a 2 for 1 split, meaning for each share of MIDD owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MIDD's second split took place on June 27, 2014. This was a 3 for 1 split, meaning for each share of MIDD owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split.
When a company such as Middleby splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. Looking at the MIDD split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Middleby shares, starting with a $10,000 purchase of MIDD, presented on a split-history-adjusted basis factoring in the complete MIDD split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/28/2005 |
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| End date: |
02/27/2015 |
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| Start price/share: |
$8.99 |
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| End price/share: |
$106.61 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
1,085.87% |
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| Average Annual Total Return: |
28.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$118,601.46 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/18/2007 | 2 for 1 | | 06/27/2014 | 3 for 1 |
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