OxFORD Asset Management LLP boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 96.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,875 shares of the company’s stock after purchasing an additional 37,665 shares during the quarter. OxFORD Asset Management LLP’s holdings in Nomad Foods were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brown Advisory Inc. purchased a new stake in Nomad Foods in the third quarter valued at approximately $60,398,000. Thornburg Investment Management Inc. raised its stake in Nomad Foods by 10.5% in the third quarter. Thornburg Investment Management Inc. now owns 2,853,171 shares of the company’s stock valued at $41,571,000 after purchasing an additional 271,633 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Nomad Foods by 105.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 42,814 shares of the company’s stock valued at $624,000 after purchasing an additional 21,970 shares in the last quarter. Investec Asset Management LTD purchased a new stake in Nomad Foods in the third quarter valued at approximately $59,739,000. Finally, Investec Asset Management North America Inc. purchased a new position in shares of Nomad Foods during the third quarter worth approximately $1,054,000. 72.83% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on NOMD shares. SunTrust Banks lifted their price target on shares of Nomad Foods to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Zacks Investment Research raised shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Saturday, December 2nd. ValuEngine raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Berenberg Bank started coverage on shares of Nomad Foods in a research note on Thursday, November 16th. They set a “buy” rating and a $18.00 price target on the stock. Six analysts have rated the stock with a buy rating, Nomad Foods presently has a consensus rating of “Buy” and an average price target of $17.20.
Nomad Foods Limited (NOMD) traded down $0.01 during mid-day trading on Friday, hitting $16.30. 1,026,830 shares of the company’s stock traded hands, compared to its average volume of 1,144,767. The stock has a market capitalization of $2,890.00 and a P/E ratio of 24.41. Nomad Foods Limited has a 52-week low of $9.86 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.03 and a quick ratio of 0.56.
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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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