Nomad Foods Limited (NOMD) Shares Sold by Citadel Advisors LLC
Citadel Advisors LLC reduced its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 60.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,464 shares of the company’s stock after selling 134,477 shares during the period. Citadel Advisors LLC’s holdings in Nomad Foods Limited were worth $1,234,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of NOMD. Capital Fund Management S.A. purchased a new position in shares of Nomad Foods Limited during the 2nd quarter valued at $145,000. Balter Liquid Alternatives LLC purchased a new position in shares of Nomad Foods Limited during the 2nd quarter valued at $172,000. Pacad Investment Ltd. grew its holdings in shares of Nomad Foods Limited by 16.1% during the 2nd quarter. Pacad Investment Ltd. now owns 14,100 shares of the company’s stock valued at $199,000 after acquiring an additional 1,959 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Nomad Foods Limited during the 2nd quarter valued at $208,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Nomad Foods Limited by 133.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,119 shares of the company’s stock valued at $269,000 after acquiring an additional 10,917 shares in the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.
Several equities analysts have recently commented on NOMD shares. Zacks Investment Research cut shares of Nomad Foods Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 15th. UBS AG restated a “buy” rating and set a $17.00 price target on shares of Nomad Foods Limited in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.00.
Shares of Nomad Foods Limited (NYSE:NOMD) opened at 14.62 on Thursday. The company has a market capitalization of $2.52 billion and a PE ratio of 32.42. Nomad Foods Limited has a one year low of $9.00 and a one year high of $15.49. The company has a 50-day moving average of $14.95 and a 200-day moving average of $13.53.
Nomad Foods Limited (NYSE:NOMD) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Nomad Foods Limited had a net margin of 3.56% and a return on equity of 7.93%. The business had revenue of $458.10 million for the quarter, compared to analyst estimates of $459.51 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that Nomad Foods Limited will post $1.11 earnings per share for the current year.
Nomad Foods Limited announced that its Board of Directors has approved a share repurchase program on Monday, June 12th that authorizes the company to buyback $105.10 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through a private placement purchase. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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About Nomad Foods Limited
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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