Thornburg Investment Management Inc. grew its position in Nomad Foods Ltd (NYSE:NOMD) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,116,585 shares of the company’s stock after purchasing an additional 227,904 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Nomad Foods were worth $63,734,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of Nomad Foods by 0.4% in the first quarter. Boston Partners now owns 11,882,549 shares of the company’s stock valued at $242,998,000 after purchasing an additional 51,946 shares during the period. Investec Asset Management LTD grew its stake in shares of 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 during the last quarter. Brown Advisory Inc. grew its stake in shares of 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 during the last quarter. Victory Capital Management Inc. grew its stake in shares of 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 during the last quarter. Finally, Samlyn Capital LLC acquired a new stake in shares of Nomad Foods in the fourth quarter worth $60,166,000. 68.76% of the stock is currently owned by institutional investors.
Shares of Nomad Foods stock traded up $0.18 during midday trading on Friday, hitting $22.27. The company had a trading volume of 52,320 shares, compared to its average volume of 1,055,423. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.59 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. Nomad Foods Ltd has a 1-year low of $15.87 and a 1-year high of $22.30.
Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.09. The business had revenue of $617.80 million for the quarter, compared to the consensus estimate of $613.77 million. Nomad Foods had a net margin of 5.83% and a return on equity of 9.84%. Nomad Foods’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. As a group, research analysts forecast that Nomad Foods Ltd will post 1.38 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on NOMD. Zacks Investment Research downgraded shares of Nomad Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. UBS Group set a $25.00 price objective on shares of Nomad Foods and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of Nomad Foods from a “c” rating to a “b” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.50.
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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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