American Century Companies Inc. acquired a new stake in Nomad Foods Ltd (NYSE:NOMD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 653,108 shares of the company’s stock, valued at approximately $10,920,000. American Century Companies Inc. owned approximately 0.38% of Nomad Foods at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Boston Partners increased its stake in Nomad Foods by 4.1% in the fourth quarter. Boston Partners now owns 11,830,603 shares of the company’s stock valued at $197,808,000 after purchasing an additional 464,523 shares during the period. Investec Asset Management LTD lifted its position in Nomad Foods by 3.9% during the 4th quarter. Investec Asset Management LTD now owns 6,174,039 shares of the company’s stock worth $103,230,000 after acquiring an additional 233,156 shares during the period. Brown Advisory Inc. lifted its position 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 acquiring an additional 54,670 shares during the period. Samlyn Capital LLC purchased a new position in shares of Nomad Foods in the 4th quarter valued at approximately $60,166,000. Finally, Acadian Asset Management LLC grew its stake in shares of Nomad Foods by 19.6% in the 4th quarter. Acadian Asset Management LLC now owns 3,135,570 shares of the company’s stock valued at $52,427,000 after purchasing an additional 514,220 shares during the last quarter. 68.97% of the stock is currently owned by institutional investors.

Shares of Nomad Foods stock opened at $20.68 on Wednesday. Nomad Foods Ltd has a 52-week low of $15.41 and a 52-week high of $21.81. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.02 billion, a PE ratio of 14.67, a PEG ratio of 1.43 and a beta of 1.30.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $701.58 million for the quarter, compared to analysts’ expectations of $673.67 million. Nomad Foods had a return on equity of 10.02% and a net margin of 7.93%. Equities analysts anticipate that Nomad Foods Ltd will post 1.45 earnings per share for the current fiscal year.

NOMD has been the topic of a number of recent research reports. TheStreet raised Nomad Foods from a “c” rating to a “b” rating in a report on Friday, March 29th. UBS Group set a $25.00 price target on Nomad Foods and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research raised Nomad Foods from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Nomad Foods currently has a consensus rating of “Buy” and a consensus price target of $23.50.

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About Nomad Foods

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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