US Bancorp DE decreased its holdings in Nomad Foods Limited (NYSE:NOMD – Get Rating) by 65.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,679 shares of the company's stock after selling 84,244 shares during the quarter. US Bancorp DE's holdings in Nomad Foods were worth $1,009,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Financial Services Inc purchased a new position in shares of Nomad Foods in the first quarter valued at approximately $27,000. Herold Advisors Inc. purchased a new position in shares of Nomad Foods in the first quarter valued at approximately $68,000. Capital Advisors Ltd. LLC boosted its stake in shares of Nomad Foods by 69.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,330 shares of the company's stock valued at $75,000 after purchasing an additional 1,366 shares during the period. SG Americas Securities LLC lifted its stake in Nomad Foods by 9.2% in the fourth quarter. SG Americas Securities LLC now owns 4,786 shares of the company's stock worth $122,000 after acquiring an additional 402 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new position in Nomad Foods in the fourth quarter worth approximately $188,000. Hedge funds and other institutional investors own 92.55% of the company's stock.
Get Nomad Foods alerts:Wall Street Analyst Weigh In
A number of research analysts recently issued reports on NOMD shares. BTIG Research decreased their price target on shares of Nomad Foods from $32.00 to $25.00 in a research note on Friday, May 13th. Credit Suisse Group decreased their price target on shares of Nomad Foods to $25.00 in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nomad Foods from $25.00 to $26.00 in a research note on Thursday, May 12th. StockNews.com cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Finally, Mizuho cut their price objective on shares of Nomad Foods from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, September 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Nomad Foods presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Nomad Foods Stock Performance
Shares of Nomad Foods stock opened at $16.97 on Wednesday. The firm's fifty day simple moving average is $18.86 and its 200-day simple moving average is $20.40. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.66 and a beta of 0.63. Nomad Foods Limited has a 12 month low of $16.83 and a 12 month high of $28.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.07 and a quick ratio of 0.60.Nomad Foods (NYSE:NOMD – Get Rating) last announced its earnings results on Wednesday, August 10th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The business had revenue of $697.00 million for the quarter, compared to analysts' expectations of $681.73 million. Nomad Foods had a net margin of 7.68% and a return on equity of 11.35%. The company's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. As a group, equities analysts forecast that Nomad Foods Limited will post 1.83 earnings per share for the current year.
Nomad Foods Profile
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Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, 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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