Citadel Advisors LLC Has $6.20 Million Stake in Nomad Foods Limited (NOMD)

Citadel Advisors LLC increased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 38.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 366,587 shares of the company’s stock after buying an additional 100,963 shares during the quarter. Citadel Advisors LLC owned about 0.21% of Nomad Foods worth $6,199,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Nomad Foods by 72.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 138,648 shares of the company’s stock valued at $2,020,000 after buying an additional 58,386 shares during the period. Scoggin Management LP purchased a new stake in shares of Nomad Foods during the 3rd quarter valued at approximately $18,213,000. Boston Partners raised its position in shares of Nomad Foods by 28.9% during the 3rd quarter. Boston Partners now owns 8,252,928 shares of the company’s stock valued at $120,245,000 after buying an additional 1,852,022 shares during the period. AMP Capital Investors Ltd purchased a new stake in shares of Nomad Foods during the 3rd quarter valued at approximately $802,000. Finally, Northern Trust Corp purchased a new stake in shares of Nomad Foods during the 2nd quarter valued at approximately $1,773,000. 77.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nomad Foods Limited (NOMD) opened at $16.86 on Thursday. The stock has a market capitalization of $2,930.00 and a P/E ratio of 17.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.03 and a quick ratio of 0.56. Nomad Foods Limited has a 12-month low of $10.40 and a 12-month high of $17.32.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Tuesday, November 28th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $539.40 million for the quarter, compared to analyst estimates of $525.17 million. Nomad Foods had a return on equity of 8.08% and a net margin of 5.60%. equities research analysts expect that Nomad Foods Limited will post 1.17 EPS for the current year.

Several analysts have recently commented on the stock. ValuEngine raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. SunTrust Banks lifted their price target on shares of Nomad Foods to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Berenberg Bank initiated coverage on Nomad Foods in a research report on Thursday, November 16th. They issued a “buy” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.25.

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About Nomad Foods

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s 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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Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

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