Stonehage Fleming Financial Services Holdings Ltd Invests $841,000 in Nomad Foods Ltd (NYSE:NOMD)

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Nomad Foods Ltd (NYSE:NOMD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 39,369 shares of the company’s stock, valued at approximately $841,000.

Several other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Nomad Foods by 25.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,897,346 shares of the company’s stock valued at $360,927,000 after acquiring an additional 3,375,054 shares during the period. Investec Asset Management LTD increased its stake in Nomad Foods by 14.8% during the second quarter. Investec Asset Management LTD now owns 7,313,011 shares of the company’s stock valued at $156,206,000 after acquiring an additional 943,564 shares during the period. Victory Capital Management Inc. increased its stake in Nomad Foods by 15.4% during the second quarter. Victory Capital Management Inc. now owns 4,775,697 shares of the company’s stock valued at $102,009,000 after acquiring an additional 638,663 shares during the period. Wells Fargo & Company MN increased its stake in Nomad Foods by 3.1% during the second quarter. Wells Fargo & Company MN now owns 4,113,674 shares of the company’s stock valued at $87,868,000 after acquiring an additional 125,484 shares during the period. Finally, Waddell & Reed Financial Inc. increased its stake in Nomad Foods by 74.7% during the second quarter. Waddell & Reed Financial Inc. now owns 3,536,241 shares of the company’s stock valued at $75,534,000 after acquiring an additional 1,511,675 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

NYSE NOMD traded up $0.01 during trading on Tuesday, reaching $20.51. 752,841 shares of the company traded hands, compared to its average volume of 810,954. 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’s 50 day moving average price is $20.58 and its two-hundred day moving average price is $21.14. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.63 and a beta of 1.03. Nomad Foods Ltd has a 1-year low of $15.87 and a 1-year high of $23.06.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $537.80 million for the quarter, compared to the consensus estimate of $534.87 million. Nomad Foods had a return on equity of 9.63% and a net margin of 6.35%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. Equities research analysts expect that Nomad Foods Ltd will post 1.37 EPS for the current fiscal year.

Several brokerages recently issued reports on NOMD. Barclays set a $25.00 price target on Nomad Foods and gave the company a “buy” rating in a research note on Friday, August 9th. Goldman Sachs Group began coverage on Nomad Foods in a research note on Wednesday, June 26th. They set a “buy” rating and a $25.00 price target on the stock. TheStreet lowered Nomad Foods from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. DA Davidson assumed coverage on Nomad Foods in a report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, ValuEngine downgraded Nomad Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $24.83.

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.

Recommended Story: What is the return on assets formula?

Want to see what other hedge funds are holding NOMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nomad Foods Ltd (NYSE:NOMD).

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

Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.