Pendal Group Ltd Purchases Shares of 76,747 Nomad Foods Ltd (NOMD)

Pendal Group Ltd purchased a new stake in shares of Nomad Foods Ltd (NYSE:NOMD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 76,747 shares of the company’s stock, valued at approximately $1,555,000.

A number of other large investors have also recently bought and sold shares of NOMD. Fort L.P. bought a new position in Nomad Foods in the 2nd quarter worth $126,000. Toronto Dominion Bank bought a new position in Nomad Foods in the 2nd quarter worth $158,000. Carlson Capital Management bought a new position in Nomad Foods in the 3rd quarter worth $203,000. First Mercantile Trust Co. raised its holdings in Nomad Foods by 48.4% in the 2nd 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 in the last quarter. Finally, Sanders Morris Harris LLC bought a new position in Nomad Foods in the 3rd quarter worth $227,000. Institutional investors own 73.16% of the company’s stock.

Several brokerages have commented on NOMD. Zacks Investment Research lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. TheStreet upgraded shares of Nomad Foods from a “d” rating to a “c” rating in a report on Tuesday, October 16th. 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. 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, Barclays began coverage on shares of Nomad Foods in a report on Friday, October 5th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Nomad Foods presently has a consensus rating of “Buy” and a consensus price target of $22.17.

NYSE:NOMD opened at $20.51 on Friday. The stock has a market capitalization of $3.36 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90. Nomad Foods Ltd has a 1-year low of $14.32 and a 1-year high of $21.45.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, November 8th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $531.00 million for the quarter, compared to the consensus estimate of $514.37 million. Nomad Foods had a net margin of 8.19% and a return on equity of 10.44%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. On average, analysts forecast that Nomad Foods Ltd will post 1.34 EPS for the current fiscal year.

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About Nomad Foods

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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Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

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