Zeke Capital Advisors LLC increased its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 144.4% during the 4th quarter, HoldingsChannel reports. The fund owned 109,191 shares of the company’s stock after acquiring an additional 64,522 shares during the period. Zeke Capital Advisors LLC’s holdings in Nomad Foods were worth $1,846,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new position in Nomad Foods during the fourth quarter worth $112,000. Claraphi Advisory Network LLC acquired a new position in Nomad Foods during the fourth quarter worth $171,000. Jane Street Group LLC acquired a new position in Nomad Foods during the third quarter worth $168,000. Financial Gravity Companies Inc. acquired a new position in Nomad Foods during the fourth quarter worth $201,000. Finally, Stevens Capital Management LP acquired a new position in Nomad Foods during the third quarter worth $174,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on NOMD shares. Zacks Investment Research downgraded shares of Nomad Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. Berenberg Bank started coverage on shares of Nomad Foods in a report on Thursday, November 16th. They set a “buy” rating and a $18.00 price objective on the stock. ValuEngine upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Finally, SunTrust Banks upped their price objective on shares of Nomad Foods to $20.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.25.
Nomad Foods Limited (NYSE NOMD) opened at $16.64 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.03. Nomad Foods Limited has a 1-year low of $10.77 and a 1-year high of $17.32. The firm has a market cap of $2,876.18, a price-to-earnings ratio of 24.47 and a beta of 0.49.
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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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