Alpine Woods Capital Investors LLC reduced its position in Nomad Foods Limited (NYSE:NOMD) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 544,900 shares of the company’s stock after selling 25,875 shares during the quarter. Alpine Woods Capital Investors LLC owned approximately 0.31% of Nomad Foods worth $8,577,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bailard Inc. grew its holdings in shares of Nomad Foods by 8.6% during the first quarter. Bailard Inc. now owns 50,500 shares of the company’s stock valued at $795,000 after purchasing an additional 4,000 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Nomad Foods by 4.5% during the first quarter. Engineers Gate Manager LP now owns 116,783 shares of the company’s stock valued at $1,838,000 after purchasing an additional 4,985 shares during the last quarter. Atria Investments LLC grew its holdings in shares of Nomad Foods by 55.4% during the fourth quarter. Atria Investments LLC now owns 16,395 shares of the company’s stock valued at $277,000 after purchasing an additional 5,844 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Nomad Foods during the fourth quarter valued at approximately $112,000. Finally, First Mercantile Trust Co. bought a new position in shares of Nomad Foods during the first quarter valued at approximately $119,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE NOMD opened at $17.90 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.30 and a quick ratio of 0.90. The company has a market cap of $3.04 billion, a PE ratio of 15.86 and a beta of 0.76. Nomad Foods Limited has a 12-month low of $17.39 and a 12-month high of $17.64.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). The business had revenue of $539.22 million for the quarter, compared to analyst estimates of $536.39 million. Nomad Foods had a return on equity of 10.42% and a net margin of 7.78%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. analysts predict that Nomad Foods Limited will post 1.33 earnings per share for the current year.

Several equities analysts have recently commented on NOMD shares. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.50.

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

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