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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 and food preparation, cooking, baking, chilling and packaging equipment for food processing operations. Co.'s segments are: Commercial Foodservice Equipment Group, which provides cooking and warming equipment for foodservice operations, including restaurants, convenience stores, retail outlets, hotels and other institutions; and the Food Processing Equipment Group, which provides a portfolio of processing solutions for customers producing pre-cooked meat products. 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 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 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: |
07/26/2004 |
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| End date: |
07/23/2014 |
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| Start price/share: |
$8.80 |
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| End price/share: |
$75.73 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
760.57% |
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| Average Annual Total Return: |
24.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$86,032.22 |
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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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Video: What is a Stock Split?