California Public Employees Retirement System Grows Stock Holdings in Nomad Foods Ltd (NYSE:NOMD)

California Public Employees Retirement System boosted its holdings in Nomad Foods Ltd (NYSE:NOMD) by 48.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,373 shares of the company’s stock after buying an additional 129,577 shares during the period. California Public Employees Retirement System’s holdings in Nomad Foods were worth $8,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NOMD. Price T Rowe Associates Inc. MD grew its stake in Nomad Foods by 25.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,897,346 shares of the company’s stock valued at $360,927,000 after buying an additional 3,375,054 shares in the last quarter. Waddell & Reed Financial Inc. boosted its holdings in Nomad Foods by 74.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 3,536,241 shares of the company’s stock valued at $75,534,000 after purchasing an additional 1,511,675 shares during the period. Putnam Investments LLC boosted its holdings in Nomad Foods by 75.9% in the 2nd quarter. Putnam Investments LLC now owns 2,324,137 shares of the company’s stock valued at $49,644,000 after purchasing an additional 1,002,988 shares during the period. Investec Asset Management LTD boosted its holdings in Nomad Foods by 14.8% in the 2nd quarter. Investec Asset Management LTD now owns 7,313,011 shares of the company’s stock valued at $156,206,000 after purchasing an additional 943,564 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Nomad Foods by 277.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,200,818 shares of the company’s stock valued at $25,649,000 after purchasing an additional 882,812 shares during the period. Institutional investors and hedge funds own 77.88% of the company’s stock.

Shares of NYSE:NOMD opened at $20.27 on Thursday. The firm has a fifty day moving average price of $19.86 and a two-hundred day moving average price of $20.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.21. Nomad Foods Ltd has a one year low of $15.87 and a one year high of $23.06. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.72 and a beta of 1.00.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Nomad Foods had a net margin of 6.43% and a return on equity of 9.50%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $543.51 million. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities research analysts expect that Nomad Foods Ltd will post 1.32 EPS for the current fiscal year.

NOMD has been the subject of several analyst reports. Barclays set a $25.00 price target on shares of Nomad Foods and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine downgraded shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Nomad Foods from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.83.

Nomad Foods Profile

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

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