OppenheimerFunds Inc. Cuts Holdings in Nomad Foods Limited (NOMD)
OppenheimerFunds Inc. reduced its position in shares of Nomad Foods Limited (NYSE:NOMD) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,483 shares of the company’s stock after selling 6,442 shares during the period. OppenheimerFunds Inc.’s holdings in Nomad Foods were worth $532,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new stake in shares of Nomad Foods in the fourth quarter valued at approximately $112,000. Jane Street Group LLC purchased a new stake in shares of Nomad Foods in the third quarter valued at approximately $168,000. Claraphi Advisory Network LLC purchased a new stake in shares of Nomad Foods in the fourth quarter valued at approximately $171,000. Stevens Capital Management LP purchased a new stake in shares of Nomad Foods in the third quarter valued at approximately $174,000. Finally, PEAK6 Investments L.P. purchased a new stake in shares of Nomad Foods in the third quarter valued at approximately $235,000. Institutional investors own 74.19% of the company’s stock.
A number of research firms have recently issued reports on NOMD. ValuEngine upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, SunTrust Banks upped their price target on Nomad Foods to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.50.
Nomad Foods Profile
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company's 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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