Bank of New York Mellon Corp lifted its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 72.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,648 shares of the company’s stock after purchasing an additional 58,386 shares during the quarter. Bank of New York Mellon Corp owned 0.08% of Nomad Foods worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Capital Fund Management S.A. acquired a new position in shares of Nomad Foods in the 2nd quarter worth approximately $145,000. Empirical Finance LLC bought a new stake in shares of Nomad Foods in the 3rd quarter valued at $152,000. Stevens Capital Management LP bought a new stake in shares of Nomad Foods in the 3rd quarter valued at $174,000. Pacad Investment Ltd. increased its stake in shares of Nomad Foods by 16.1% in the 2nd quarter. Pacad Investment Ltd. now owns 14,100 shares of the company’s stock valued at $199,000 after acquiring an additional 1,959 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of Nomad Foods in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 72.14% of the company’s stock.
Several analysts have recently weighed in on NOMD shares. Zacks Investment Research upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Saturday, December 2nd. SunTrust Banks boosted their price target on shares of Nomad Foods to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. ValuEngine upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Berenberg Bank assumed coverage on shares of Nomad Foods in a research note on Thursday, November 16th. They issued a “buy” rating and a $18.00 target price for the company. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $17.20.
Nomad Foods Limited (NYSE:NOMD) opened at $16.30 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2,836.16 and a PE ratio of 23.97. Nomad Foods Limited has a fifty-two week low of $9.86 and a fifty-two week high of $17.05.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Tuesday, November 28th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. Nomad Foods had a net margin of 5.60% and a return on equity of 8.08%. analysts predict that Nomad Foods Limited will post 1.13 earnings per share 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 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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