Boston Partners Boosts Holdings in Nomad Foods Ltd (NOMD)

Boston Partners boosted its position in shares of Nomad Foods Ltd (NYSE:NOMD) by 0.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,882,549 shares of the company’s stock after buying an additional 51,946 shares during the period. Boston Partners owned about 0.06% of Nomad Foods worth $242,998,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in Nomad Foods during the 4th quarter worth approximately $4,280,000. Legal & General Group Plc increased its stake in Nomad Foods by 4.3% during the 3rd quarter. Legal & General Group Plc now owns 64,169 shares of the company’s stock worth $1,300,000 after buying an additional 2,641 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Nomad Foods by 459.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,541 shares of the company’s stock worth $1,263,000 after buying an additional 62,049 shares in the last quarter. Brown Advisory Inc. increased its stake in Nomad Foods by 1.2% during the 4th quarter. Brown Advisory Inc. now owns 4,655,967 shares of the company’s stock worth $77,848,000 after buying an additional 54,670 shares in the last quarter. Finally, Investec Asset Management PTY Ltd increased its stake in Nomad Foods by 6.1% during the 4th quarter. Investec Asset Management PTY Ltd now owns 128,152 shares of the company’s stock worth $2,143,000 after buying an additional 7,381 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

NOMD stock opened at $21.37 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.05 billion, a PE ratio of 15.16, a P/E/G ratio of 1.47 and a beta of 1.26. Nomad Foods Ltd has a 1 year low of $15.87 and a 1 year high of $21.81.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $617.80 million during the quarter, compared to analyst estimates of $613.77 million. Nomad Foods had a return on equity of 10.02% and a net margin of 7.93%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. Equities research analysts predict that Nomad Foods Ltd will post 1.41 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on NOMD shares. Zacks Investment Research lowered Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. UBS Group set a $25.00 price target on Nomad Foods and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, TheStreet upgraded Nomad Foods from a “c” rating to a “b” rating in a research report on Friday, March 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Nomad Foods has a consensus rating of “Buy” and an average price target of $23.50.

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About Nomad Foods

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.

Further Reading: Beige Book

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

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