Nippon Life Global Investors Americas Inc. bought a new stake in Nomad Foods Ltd (NYSE:NOMD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,760 shares of the company’s stock, valued at approximately $340,000.
A number of other institutional investors and hedge funds have also bought and sold shares of NOMD. Robeco Institutional Asset Management B.V. bought a new position in Nomad Foods during the 3rd quarter valued at $1,049,000. Acadian Asset Management LLC boosted its stake in Nomad Foods by 104.2% during the 3rd quarter. Acadian Asset Management LLC now owns 2,621,350 shares of the company’s stock valued at $53,110,000 after purchasing an additional 1,337,718 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Nomad Foods by 1.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 659,612 shares of the company’s stock valued at $13,338,000 after purchasing an additional 10,973 shares in the last quarter. Carlson Capital Management bought a new position in Nomad Foods during the 3rd quarter valued at $203,000. Finally, Seven Eight Capital LP boosted its stake in Nomad Foods by 169.6% during the 3rd quarter. Seven Eight Capital LP now owns 67,400 shares of the company’s stock valued at $1,366,000 after purchasing an additional 42,400 shares in the last quarter. Hedge funds and other institutional investors own 73.18% of the company’s stock.
A number of equities analysts have issued reports on the company. TheStreet raised Nomad Foods from a “d” rating to a “c” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised Nomad Foods from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Barclays assumed coverage on Nomad Foods in a research note on Friday, October 5th. They set an “overweight” rating for the company. UBS Group increased their price target on Nomad Foods from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Wells Fargo & Co increased their price target on Nomad Foods from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.17.
Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $488.20 million during the quarter, compared to analyst estimates of $482.81 million. Nomad Foods had a return on equity of 10.44% and a net margin of 8.19%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. Equities research analysts forecast that Nomad Foods Ltd will post 1.35 earnings per share for the current fiscal year.
Nomad Foods Profile
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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