Renaissance Group LLC lifted its holdings in shares of Nomad Foods Limited (NYSE:NOMD – Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,266 shares of the company’s stock after buying an additional 23,700 shares during the period. Renaissance Group LLC owned approximately 0.27% of Nomad Foods worth $8,682,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its stake in shares of Nomad Foods by 32.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,841,886 shares of the company’s stock worth $100,714,000 after buying an additional 1,428,088 shares during the period. Perpetual Ltd bought a new position in shares of Nomad Foods in the first quarter worth about $14,311,000. Cipher Capital LP raised its stake in shares of Nomad Foods by 218.9% in the fourth quarter. Cipher Capital LP now owns 57,319 shares of the company’s stock worth $988,000 after buying an additional 39,345 shares during the period. California Public Employees Retirement System raised its stake in shares of Nomad Foods by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 357,308 shares of the company’s stock worth $6,160,000 after buying an additional 2,954 shares during the period. Finally, Ancora Advisors LLC raised its stake in shares of Nomad Foods by 28.8% in the fourth quarter. Ancora Advisors LLC now owns 463,245 shares of the company’s stock worth $7,987,000 after buying an additional 103,515 shares during the period. 74.44% of the stock is owned by hedge funds and other institutional investors.
Nomad Foods Trading Up 0.4 %
Shares of Nomad Foods stock traded up $0.07 on Friday, reaching $16.65. The company had a trading volume of 137,353 shares, compared to its average volume of 559,160. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 13.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.21 and a quick ratio of 0.70. The firm’s 50-day moving average price is $17.81 and its two-hundred day moving average price is $18.00. Nomad Foods Limited has a 1 year low of $12.50 and a 1 year high of $19.76.
Nomad Foods (NYSE:NOMD – Get Free Report) last announced its earnings results on Wednesday, August 9th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $811.11 million during the quarter, compared to analysts’ expectations of $815.57 million. Nomad Foods had a return on equity of 11.21% and a net margin of 6.88%. As a group, research analysts predict that Nomad Foods Limited will post 1.7 earnings per share for the current fiscal year.
Analysts Set New Price Targets
NOMD has been the topic of several recent analyst reports. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Citigroup decreased their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Barclays lifted their target price on Nomad Foods from $21.00 to $22.00 in a research note on Friday, May 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Nomad Foods from $21.00 to $24.00 in a research note on Thursday, May 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Nomad Foods currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.
Check Out Our Latest Report on NOMD
About Nomad Foods
(Free Report)
Nomad Foods Limited manufactures, markets, and distributes a range of frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, Serbia, Croatia, Switzerland, and rest of Europe. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready to cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.
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