Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Nomad Foods Ltd (NYSE:NOMD) by 19.2% in the 1st quarter, HoldingsChannel reports. The fund owned 214,409 shares of the company’s stock after acquiring an additional 34,509 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Nomad Foods were worth $4,385,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners grew its position in Nomad Foods by 0.4% in the first quarter. Boston Partners now owns 11,882,549 shares of the company’s stock worth $242,998,000 after acquiring an additional 51,946 shares in the last quarter. Investec Asset Management LTD grew its position in Nomad Foods by 3.2% in the first quarter. Investec Asset Management LTD now owns 6,369,447 shares of the company’s stock worth $130,255,000 after acquiring an additional 195,408 shares in the last quarter. Brown Advisory Inc. grew its position in Nomad Foods by 1.2% in the fourth quarter. Brown Advisory Inc. now owns 4,655,967 shares of the company’s stock worth $77,848,000 after acquiring an additional 54,670 shares in the last quarter. Victory Capital Management Inc. grew its position in Nomad Foods by 11.0% in the first quarter. Victory Capital Management Inc. now owns 4,137,034 shares of the company’s stock worth $84,601,000 after acquiring an additional 410,823 shares in the last quarter. Finally, Samlyn Capital LLC purchased a new position in Nomad Foods in the fourth quarter worth about $60,166,000. Institutional investors own 68.76% of the company’s stock.
Several research analysts have issued reports on NOMD shares. TheStreet upgraded Nomad Foods from a “c” rating to a “b” rating in a research report on Friday, March 29th. Zacks Investment Research lowered Nomad Foods from a “hold” rating to a “sell” rating in a research report on Saturday, March 23rd. Finally, UBS Group set a $25.00 target price on Nomad Foods and gave the company a “buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $23.50.
Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. Nomad Foods had a return on equity of 9.84% and a net margin of 5.83%. The business had revenue of $617.80 million during the quarter, compared to analyst estimates of $613.77 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts anticipate that Nomad Foods Ltd will post 1.38 EPS for the current fiscal year.
Nomad Foods Profile
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.
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