GMT Capital Corp decreased its holdings in shares of Nomad Foods Ltd (NYSE:NOMD) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,026,300 shares of the company’s stock after selling 290,700 shares during the period. Nomad Foods comprises about 1.4% of GMT Capital Corp’s portfolio, making the stock its 19th largest holding. GMT Capital Corp owned approximately 1.74% of Nomad Foods worth $58,075,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its holdings in Nomad Foods by 13.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 22,250 shares of the company’s stock worth $427,000 after purchasing an additional 2,673 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Nomad Foods by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 44,983 shares of the company’s stock worth $863,000 after purchasing an additional 3,409 shares during the period. First Mercantile Trust Co. lifted its holdings in Nomad Foods by 48.4% in the second quarter. First Mercantile Trust Co. now owns 11,190 shares of the company’s stock worth $215,000 after purchasing an additional 3,650 shares during the period. Gabelli Funds LLC lifted its holdings in Nomad Foods by 50.0% in the second quarter. Gabelli Funds LLC now owns 18,000 shares of the company’s stock worth $345,000 after purchasing an additional 6,000 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Nomad Foods by 114.2% in the first quarter. Quantbot Technologies LP now owns 12,190 shares of the company’s stock worth $191,000 after purchasing an additional 6,500 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.
Shares of NYSE NOMD opened at $21.00 on Monday. Nomad Foods Ltd has a twelve month low of $14.32 and a twelve month high of $21.09. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.90. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. Nomad Foods had a net margin of 8.19% and a return on equity of 10.44%. The company had revenue of $488.20 million during the quarter, compared to the consensus estimate of $482.81 million. During the same period in the prior year, the company earned $0.23 EPS. Nomad Foods’s revenue was up 6.6% on a year-over-year basis. equities research analysts forecast that Nomad Foods Ltd will post 1.34 EPS for the current year.
Several equities research analysts recently weighed in on NOMD shares. ValuEngine downgraded shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Zacks Investment Research raised shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, August 29th. Credit Suisse Group started coverage on shares of Nomad Foods in a report on Tuesday, July 17th. They issued an “outperform” rating and a $24.00 price objective for the company. UBS Group upped their price objective on shares of Nomad Foods from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Finally, Wells Fargo & Co upped their price objective on shares of Nomad Foods from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Nomad Foods has an average rating of “Buy” and a consensus target price of $22.17.
Nomad Foods Company Profile
Nomad Foods Limited manufactures and distributes frozen foods in Western Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.
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