Pendal Group Ltd acquired a new stake in shares of Nomad Foods Ltd (NYSE:NOMD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 76,747 shares of the company’s stock, valued at approximately $1,555,000.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in Nomad Foods by 4.5% during the 2nd quarter. Janus Henderson Group PLC now owns 4,436,024 shares of the company’s stock valued at $85,127,000 after purchasing an additional 192,754 shares during the last quarter. Macquarie Group Ltd. grew its position in Nomad Foods by 90.4% during the 2nd quarter. Macquarie Group Ltd. now owns 329,479 shares of the company’s stock valued at $6,323,000 after purchasing an additional 156,464 shares during the last quarter. Gabelli Funds LLC grew its position in Nomad Foods by 50.0% during the 2nd quarter. Gabelli Funds LLC now owns 18,000 shares of the company’s stock valued at $345,000 after purchasing an additional 6,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Nomad Foods during the 2nd quarter valued at about $1,482,000. Finally, Sei Investments Co. purchased a new stake in Nomad Foods during the 2nd quarter valued at about $327,000. 73.16% of the stock is currently owned by institutional investors.

Shares of NYSE NOMD opened at $20.51 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3.36 billion, a PE ratio of 18.15, a P/E/G ratio of 0.95 and a beta of 0.89. Nomad Foods Ltd has a 52-week low of $14.32 and a 52-week high of $21.45.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Nomad Foods had a net margin of 8.19% and a return on equity of 10.44%. The firm had revenue of $531.00 million for the quarter, compared to the consensus estimate of $514.37 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Nomad Foods Ltd will post 1.34 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Thursday. TheStreet raised shares of Nomad Foods from a “d” rating to a “c” rating in a report on Tuesday, October 16th. Barclays assumed coverage on shares of Nomad Foods in a report on Friday, October 5th. They set an “overweight” rating on the stock. UBS Group raised their price target on shares of Nomad Foods from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, Wells Fargo & Co raised their price target on shares of Nomad Foods from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.17.

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

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