Zeke Capital Advisors LLC raised its stake in Nomad Foods Limited (NYSE:NOMD) by 144.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,191 shares of the company’s stock after buying an additional 64,522 shares during the period. Zeke Capital Advisors LLC owned about 0.06% of Nomad Foods worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in NOMD. Boston Partners boosted its position in Nomad Foods by 63.3% in the 4th quarter. Boston Partners now owns 13,475,487 shares of the company’s stock valued at $227,871,000 after buying an additional 5,222,559 shares during the period. Brown Advisory Inc. purchased a new stake in Nomad Foods in the 3rd quarter valued at about $60,398,000. Investec Asset Management LTD purchased a new stake in Nomad Foods in the 3rd quarter valued at about $59,739,000. Scoggin Management LP bought a new stake in shares of Nomad Foods in the 3rd quarter valued at about $18,213,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Nomad Foods by 45.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,960,204 shares of the company’s stock valued at $57,700,000 after purchasing an additional 1,238,607 shares in the last quarter. 74.19% of the stock is owned by institutional investors.
NYSE:NOMD opened at $15.53 on Friday. Nomad Foods Limited has a one year low of $11.05 and a one year high of $17.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 0.63. The stock has a market capitalization of $2,714.36, a PE ratio of 13.74 and a beta of 0.79.
Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, March 22nd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $508.20 million during the quarter, compared to analyst estimates of $503.84 million. Nomad Foods had a net margin of 6.96% and a return on equity of 9.43%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. research analysts forecast that Nomad Foods Limited will post 1.38 earnings per share for the current year.
Several equities research analysts have recently commented on NOMD shares. Zacks Investment Research lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.50.
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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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