Monarch Partners Asset Management LLC boosted its holdings in shares of Nomad Foods Ltd (NYSE:NOMD) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 569,264 shares of the company’s stock after purchasing an additional 67,509 shares during the quarter. Nomad Foods makes up approximately 1.8% of Monarch Partners Asset Management LLC’s holdings, making the stock its 11th largest holding. Monarch Partners Asset Management LLC owned about 0.29% of Nomad Foods worth $11,670,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of NOMD. Steward Partners Investment Advisory LLC purchased a new stake in Nomad Foods during the 2nd quarter worth approximately $29,000. Advisory Services Network LLC increased its holdings in Nomad Foods by 133.4% during the 2nd quarter. Advisory Services Network LLC now owns 3,545 shares of the company’s stock worth $76,000 after purchasing an additional 2,026 shares during the last quarter. First Bank & Trust increased its holdings in shares of Nomad Foods by 32.9% in the 2nd quarter. First Bank & Trust now owns 3,882 shares of the company’s stock valued at $83,000 after acquiring an additional 960 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Nomad Foods in the 3rd quarter valued at approximately $92,000. Finally, Toronto Dominion Bank bought a new stake in shares of Nomad Foods in the 2nd quarter valued at approximately $158,000. Institutional investors own 77.95% of the company’s stock.
A number of brokerages have recently weighed in on NOMD. Barclays set a $25.00 price target on Nomad Foods and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research downgraded Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, ValuEngine downgraded Nomad Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.83.
Shares of NYSE NOMD traded up $0.53 during trading on Friday, reaching $20.33. The stock had a trading volume of 1,517,494 shares, compared to its average volume of 1,047,733. Nomad Foods Ltd has a one year low of $15.87 and a one year high of $23.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.64. The stock has a market cap of $3.80 billion, a PE ratio of 14.42, a P/E/G ratio of 1.58 and a beta of 1.00. The firm’s 50 day moving average price is $19.92 and its two-hundred day moving average price is $20.95.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Nomad Foods had a return on equity of 9.63% and a net margin of 6.35%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $543.51 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts expect that Nomad Foods Ltd will post 1.37 earnings per share for the current year.
About Nomad Foods
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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