Raymond James & Associates Takes $3 Million Position in Nomad Foods Limited (NOMD)

Raymond James & Associates acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 177,245 shares of the company’s stock, valued at approximately $2,997,000.

Other large investors also recently bought and sold shares of the company. 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, Investors Research Corp acquired a new position in Nomad Foods during the fourth quarter worth $223,000. Institutional investors own 74.19% of the company’s stock.

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NOMD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Nomad Foods from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Saturday, March 17th. ValuEngine upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $18.50.

Nomad Foods stock opened at $15.53 on Friday. Nomad Foods Limited has a 52-week low of $11.05 and a 52-week high of $17.32. The firm has a market cap of $2,723.06, a PE ratio of 13.74 and a beta of 0.79. The company has a quick ratio of 0.63, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, March 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Nomad Foods had a net margin of 6.96% and a return on equity of 9.43%. The business had revenue of $508.20 million during the quarter, compared to analyst estimates of $503.84 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities research analysts anticipate that Nomad Foods Limited will post 1.38 EPS for the current fiscal year.

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Nomad Foods Company Profile

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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