Russell Investments Group Ltd. lessened its stake in shares of Nomad Foods Limited (NYSE:NOMD – Free Report) by 20.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 367,248 shares of the company’s stock after selling 94,635 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of Nomad Foods worth $6,882,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NOMD. Citigroup Inc. grew its stake in shares of Nomad Foods by 172.4% during the first quarter. Citigroup Inc. now owns 15,513 shares of the company’s stock worth $350,000 after buying an additional 9,819 shares during the last quarter. BlackRock Inc. grew its stake in shares of Nomad Foods by 36.2% during the first quarter. BlackRock Inc. now owns 106,208 shares of the company’s stock worth $2,399,000 after buying an additional 28,220 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Nomad Foods by 10.3% during the first quarter. Vontobel Holding Ltd. now owns 80,881 shares of the company’s stock worth $1,816,000 after buying an additional 7,585 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Nomad Foods by 2.2% during the first quarter. Allianz Asset Management GmbH now owns 378,373 shares of the company’s stock worth $8,544,000 after purchasing an additional 8,007 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Nomad Foods by 1.8% during the first quarter. Vanguard Group Inc. now owns 110,864 shares of the company’s stock worth $2,503,000 after purchasing an additional 1,911 shares during the period. Institutional investors own 77.71% of the company’s stock.
Analyst Ratings Changes
NOMD has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Nomad Foods from $21.00 to $22.00 in a report on Friday, May 12th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nomad Foods from $21.00 to $24.00 in a report on Thursday, May 11th. Finally, Citigroup cut their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.33.
Check Out Our Latest Research Report on Nomad Foods
Nomad Foods Price Performance
NOMD stock opened at $18.02 on Friday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 14.42 and a beta of 0.74. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 12-month low of $12.50 and a 12-month high of $19.76. The company’s fifty day simple moving average is $17.73 and its 200 day simple moving average is $17.99.
Nomad Foods Profile
(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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