Alphasimplex Group LLC cut its holdings in shares of Nomad Foods Limited (NYSE:NOMD – Get Rating) by 50.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,217 shares of the company’s stock after selling 8,457 shares during the period. Alphasimplex Group LLC’s holdings in Nomad Foods were worth $209,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pictet Asset Management SA boosted its position in Nomad Foods by 33.2% during the fourth quarter. Pictet Asset Management SA now owns 5,462,162 shares of the company’s stock worth $138,684,000 after acquiring an additional 1,361,379 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Nomad Foods by 171.1% in the 4th quarter. TD Asset Management Inc. now owns 146,618 shares of the company’s stock valued at $3,723,000 after purchasing an additional 92,534 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Nomad Foods by 18.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,414,527 shares of the company’s stock valued at $61,305,000 after purchasing an additional 377,798 shares during the last quarter. Mount Capital Ltd acquired a new position in Nomad Foods in the 4th quarter valued at about $35,815,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Nomad Foods in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 78.08% of the company’s stock.
Shares of NYSE:NOMD traded up $0.66 during trading hours on Friday, reaching $21.05. The stock had a trading volume of 1,294,545 shares, compared to its average volume of 1,152,107. Nomad Foods Limited has a 1 year low of $17.30 and a 1 year high of $31.85. The firm’s 50 day moving average is $20.58 and its 200-day moving average is $23.64. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.54 and a current ratio of 0.96. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 17.11 and a beta of 0.73.
Several equities analysts have weighed in on NOMD shares. StockNews.com started coverage on shares of Nomad Foods in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho decreased their target price on shares of Nomad Foods from $31.00 to $25.00 in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nomad Foods from $25.00 to $26.00 in a report on Thursday. Jefferies Financial Group reduced their price target on shares of Nomad Foods from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, March 30th. Finally, The Goldman Sachs Group reduced their price target on shares of Nomad Foods from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $27.44.
Nomad Foods Company Profile (Get Rating)
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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