California Public Employees Retirement System acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,700 shares of the company’s stock, valued at approximately $1,613,000. California Public Employees Retirement System owned about 0.06% of Nomad Foods as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. Empirical Finance LLC purchased a new stake in Nomad Foods during the 3rd quarter worth about $152,000. Jane Street Group LLC purchased a new stake in Nomad Foods during the 3rd quarter worth about $168,000. Stevens Capital Management LP purchased a new position in shares of Nomad Foods in the 3rd quarter valued at about $174,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Nomad Foods in the 3rd quarter valued at about $208,000. Finally, PEAK6 Investments L.P. purchased a new position in shares of Nomad Foods in the 3rd quarter valued at about $235,000. 75.32% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Berenberg Bank assumed coverage on Nomad Foods in a research report on Thursday, November 16th. They issued a “buy” rating and a $18.00 target price for the company. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks upped their target price on Nomad Foods to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Nomad Foods presently has an average rating of “Buy” and an average target price of $17.20.
Nomad Foods Limited (NOMD) traded up $0.22 on Monday, hitting $15.92. The stock had a trading volume of 1,544,444 shares, compared to its average volume of 1,506,895. The company has a quick ratio of 0.56, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2,731.76, a PE ratio of 22.91 and a beta of -0.51. Nomad Foods Limited has a 1-year low of $10.40 and a 1-year high of $17.32.
Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Tuesday, November 28th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. Nomad Foods had a return on equity of 8.08% and a net margin of 5.60%. sell-side analysts expect that Nomad Foods Limited will post 1.17 EPS for the current fiscal year.
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Nomad Foods Profile
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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