Fort L.P. increased its position in Nomad Foods Ltd (NYSE:NOMD) by 32.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,517 shares of the company’s stock after buying an additional 28,569 shares during the period. Fort L.P.’s holdings in Nomad Foods were worth $2,362,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE lifted its position in shares of Nomad Foods by 11.4% in the first quarter. US Bancorp DE now owns 4,808 shares of the company’s stock worth $98,000 after buying an additional 493 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Nomad Foods by 0.9% in the fourth quarter. Legal & General Group Plc now owns 64,746 shares of the company’s stock worth $1,083,000 after buying an additional 577 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Nomad Foods by 14.2% in the first quarter. Advisor Group Inc. now owns 4,952 shares of the company’s stock worth $101,000 after buying an additional 614 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in Nomad Foods by 1.8% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 51,302 shares of the company’s stock valued at $857,000 after purchasing an additional 901 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Nomad Foods by 6.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,999 shares of the company’s stock valued at $334,000 after purchasing an additional 1,178 shares during the period. Institutional investors own 77.58% of the company’s stock.
Shares of NOMD stock opened at $20.74 on Friday. Nomad Foods Ltd has a 1 year low of $15.87 and a 1 year high of $22.67. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.63 and a beta of 1.09.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. Nomad Foods had a return on equity of 9.84% and a net margin of 5.83%. The business had revenue of $617.80 million for the quarter, compared to the consensus estimate of $613.77 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts anticipate that Nomad Foods Ltd will post 1.37 earnings per share for the current fiscal year.
NOMD has been the topic of a number of recent research reports. UBS Group set a $25.00 price objective on Nomad Foods and gave the company a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. TheStreet upgraded Nomad Foods from a “c” rating to a “b” rating in a research report on Friday, March 29th. Finally, Citigroup initiated coverage on Nomad Foods in a research report on Thursday, May 23rd. They set a “neutral” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.60.
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Nomad Foods Profile
Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of 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.
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