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.
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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