CIBC World Markets Inc. acquired a new position in shares of Nomad Foods Ltd (NYSE:NOMD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,283 shares of the company’s stock, valued at approximately $553,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its holdings in Nomad Foods by 13.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 22,250 shares of the company’s stock worth $427,000 after buying an additional 2,673 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Nomad Foods by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 44,983 shares of the company’s stock worth $863,000 after buying an additional 3,409 shares during the last quarter. Gabelli Funds LLC raised its holdings in Nomad Foods by 50.0% during the second quarter. Gabelli Funds LLC now owns 18,000 shares of the company’s stock worth $345,000 after buying an additional 6,000 shares during the last quarter. Fort L.P. acquired a new position in Nomad Foods during the second quarter worth $126,000. Finally, Toronto Dominion Bank acquired a new position in Nomad Foods during the second quarter worth $158,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Several analysts have recently issued reports on NOMD shares. Zacks Investment Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 14th. TheStreet upgraded shares of Nomad Foods from a “d” rating to a “c” rating in a research note on Tuesday, October 16th. Barclays started coverage on shares of Nomad Foods in a research note on Friday, October 5th. They issued an “overweight” rating for the company. UBS Group upped their target price on shares of Nomad Foods from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Wells Fargo & Co upped their target price on shares of Nomad Foods from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.75.

NYSE NOMD opened at $19.04 on Friday. Nomad Foods Ltd has a 1 year low of $15.27 and a 1 year high of $21.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.10 and a quick ratio of 0.60. The firm has a market capitalization of $3.39 billion, a PE ratio of 16.85, a PEG ratio of 1.32 and a beta of 0.90.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Nomad Foods had a net margin of 7.66% and a return on equity of 10.14%. The firm had revenue of $531.00 million during the quarter, compared to analyst estimates of $514.37 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Analysts forecast that Nomad Foods Ltd will post 1.35 earnings per share for the current fiscal year.

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Nomad Foods Profile

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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