Nomad Foods Limited (NOMD) Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC lowered its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 22.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,929 shares of the company’s stock after selling 3,355 shares during the quarter. Private Advisor Group LLC’s holdings in Nomad Foods Limited were worth $163,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in NOMD. Balter Liquid Alternatives LLC purchased a new stake in shares of Nomad Foods Limited during the second quarter worth about $172,000. Pacad Investment Ltd. grew its position in shares of Nomad Foods Limited by 16.1% during the second quarter. Pacad Investment Ltd. now owns 14,100 shares of the company’s stock worth $199,000 after purchasing an additional 1,959 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Nomad Foods Limited during the second quarter worth about $208,000. Oppenheimer Asset Management Inc. grew its position in shares of Nomad Foods Limited by 133.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,119 shares of the company’s stock worth $269,000 after purchasing an additional 10,917 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of Nomad Foods Limited during the second quarter worth about $295,000. Hedge funds and other institutional investors own 77.79% of the company’s stock.
Nomad Foods Limited (NOMD) opened at 14.94 on Friday. The stock has a market cap of $2.57 billion and a PE ratio of 33.13. The firm’s 50-day moving average price is $14.76 and its 200 day moving average price is $13.26. Nomad Foods Limited has a 12-month low of $9.00 and a 12-month high of $15.49.
Nomad Foods Limited (NYSE:NOMD) last announced its earnings results on Friday, August 25th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Nomad Foods Limited had a return on equity of 7.93% and a net margin of 3.56%. The business had revenue of $458.10 million during the quarter, compared to analysts’ expectations of $459.51 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Analysts anticipate that Nomad Foods Limited will post $1.11 EPS for the current year.
Nomad Foods Limited declared that its Board of Directors has approved a share repurchase plan on Monday, June 12th that permits the company to buyback $105.10 million in shares. This buyback authorization permits the company to buy shares of its stock through a private placement purchase. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Nomad Foods Limited from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, June 7th. ValuEngine cut Nomad Foods Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, UBS AG reiterated a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Nomad Foods Limited in a research report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.25.
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Nomad Foods Limited Company Profile
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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