Institutional Investor Increases Stake in Nomad Foods as Analysts Provide Positive Insights

In a recent disclosure with the Securities and Exchange Commission (SEC), US Bancorp DE has revealed that it has increased its stake in Nomad Foods Limited by 81.1% during the first quarter of this year. The institutional investor now owns 34,798 shares of the company’s stock, after purchasing an additional 15,579 shares during the period. At the end of the most recent quarter, US Bancorp DE’s holdings in Nomad Foods were valued at $652,000.

For investors who are interested in knowing more about hedge funds and their holdings of NOMD stock, HoldingsChannel.com provides access to the latest 13F filings and insider trades.

Several equity analysts have recently provided their insights on NOMD shares. Deutsche Bank Aktiengesellschaft raised their price target for Nomad Foods from $21.00 to $24.00 in a research report published on May 11th. On August 10th, Citigroup reduced their price target from $25.00 to $23.00 but maintained a “buy” rating for the stock. Barclays also raised their price target from $21.00 to $22.00 in a research report released on May 12th. Most recently, StockNews.com upgraded its rating for Nomad Foods from “hold” to “buy” in a research report published on August 16th.

Overall, Nomad Foods receives positive recommendations from analysts as one has rated the stock as a hold while six have given it a buy rating. According to Bloomberg data, there is a consensus rating of “Moderate Buy” for Nomad Foods with an average price target of $22.33 per share.

This information provides valuable insight into the movements within Nomad Foods Limited and highlights increasing interest among institutional investors like US Bancorp DE. It also positions NOMD as a stock worth considering for potential investors due to positive reviews and favorable price targets provided by various equities analysts.

Nomad Foods Limited Gains Investment Momentum from Financial Institutions, Boosting Confidence in the Company’s Growth Potential

Nomad Foods Limited, a leading manufacturer and distributor of frozen food products, has seen a significant boost in the investment from various financial institutions. Hedge funds and institutional investors, including Wellington Management Group LLP, AllianceBernstein L.P., T. Rowe Price Investment Management Inc., Price T Rowe Associates Inc. MD, and Fuller & Thaler Asset Management Inc., have all shown increased interest in the company, acquiring additional shares during the last quarter.

Wellington Management Group LLP raised its stake in Nomad Foods by 10.7% in the first quarter, now owning 15,574,393 shares of the company’s stock valued at $351,670,000. Similarly, AllianceBernstein L.P. boosted its stake by 4.2% in the fourth quarter to own 11,842,891 shares valued at $204,171,000. T. Rowe Price Investment Management Inc. increased its stake by 5.1% to own 9,568,669 shares valued at $164,964,000. Price T Rowe Associates Inc. MD acquired an additional 299,689 shares during the last quarter and currently owns 9,080,671 shares valued at $181,523 according to reports from the second quarter. Lastly Fuller & Thaler Asset Management Inc.holdings saw an impressive increase of 32.4%, now owning a total of 5 ,841 ,886 shares valued at $100 ,714 ,000.

It is noteworthy that institutional investors and hedge funds collectively own 77.71% of Nomad Foods’ stock – a clear indicator of the confidence placed in the company by these market participants.

Nomad Foods Limited trades on the New York Stock Exchange under the ticker symbol NOMD and its shares opened at $18.36 on Friday.Utilizing data from filings by other hedge funds that disclose their holdings on publicly traded companies; you can get more detailed information about other hedge funds’ positions in Nomad Foods by visiting HoldingsChannel.com.

The company has a solid financial position, with a current ratio of 1.21 and a quick ratio of 0.70. Additionally, its debt-to-equity ratio stands at 0.81, indicating a manageable level of debt. Nomad Foods also boasts impressive stock performance, with its one-year low being $12.50 and the one-year high hitting $19.76. Currently, the company’s fifty-day moving average price stands at $17.77, and its two-hundred-day moving average price is $18.00.

With a market capitalization of $3.20 billion and a P/E ratio of 14.69, Nomad Foods is positioned as a significant player in the frozen food industry. The company has also maintained a beta of 0.74, indicating lower volatility compared to the overall market.

Nomad Foods Limited operates primarily in Europe, manufacturing and distributing frozen food products across multiple countries including the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, Serbia, Croatia ,Switzerland ,among others.Their product portfolio spans various categories such as frozen fish products like fish fingers and coated fish; ready-to-cook vegetable products; and frozen poultry and meat products including nuggets grills,and burgers.

As investors continue to show interest in Nomad Foods’ stock and the company continues to expand its presence in the European frozen food market, it will be interesting to see how this robustness translates into future growth prospects for both shareholders and consumers alike.