NumerixS Investment Technologies Inc trimmed its holdings in Nomad Foods Ltd (NYSE:NOMD) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the company’s stock after selling 2,700 shares during the period. NumerixS Investment Technologies Inc’s holdings in Nomad Foods were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of NOMD. Nkcfo LLC bought a new stake in Nomad Foods during the fourth quarter worth about $27,000. Synovus Financial Corp raised its holdings in Nomad Foods by 1,303.9% during the fourth quarter. Synovus Financial Corp now owns 1,797 shares of the company’s stock worth $30,000 after acquiring an additional 1,669 shares in the last quarter. Csenge Advisory Group bought a new stake in Nomad Foods during the third quarter worth about $37,000. KBC Group NV bought a new stake in Nomad Foods during the fourth quarter worth about $67,000. Finally, Advisor Group Inc. raised its holdings in Nomad Foods by 87.1% during the fourth quarter. Advisor Group Inc. now owns 4,338 shares of the company’s stock worth $72,000 after acquiring an additional 2,020 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on NOMD shares. UBS Group set a $25.00 target price on Nomad Foods and gave the stock a “buy” rating in a report on Friday, March 1st. Zacks Investment Research downgraded Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.50.
Shares of NYSE:NOMD opened at $21.42 on Friday. The company has a market cap of $3.80 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.44 and a beta of 1.31. Nomad Foods Ltd has a 1 year low of $15.35 and a 1 year high of $21.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 1.12.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Nomad Foods had a return on equity of 10.02% and a net margin of 7.93%. On average, analysts anticipate that Nomad Foods Ltd will post 1.49 EPS for the current fiscal year.
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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