Nomad Foods Limited (NOMD) Position Lifted by OxFORD Asset Management LLP

OxFORD Asset Management LLP increased its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 96.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,875 shares of the company’s stock after acquiring an additional 37,665 shares during the period. OxFORD Asset Management LLP’s holdings in Nomad Foods were worth $1,116,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brown Advisory Inc. purchased a new stake in shares of Nomad Foods in the third quarter valued at $60,398,000. Thornburg Investment Management Inc. lifted its position in shares of Nomad Foods by 10.5% in the third quarter. Thornburg Investment Management Inc. now owns 2,853,171 shares of the company’s stock valued at $41,571,000 after acquiring an additional 271,633 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Nomad Foods by 105.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 42,814 shares of the company’s stock valued at $624,000 after acquiring an additional 21,970 shares in the last quarter. Investec Asset Management LTD purchased a new position in Nomad Foods during the third quarter worth about $59,739,000. Finally, Investec Asset Management North America Inc. purchased a new position in Nomad Foods during the third quarter worth about $1,054,000. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

NOMD has been the topic of several recent analyst reports. SunTrust Banks increased their target price on Nomad Foods to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Saturday, December 2nd. ValuEngine upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Berenberg Bank initiated coverage on Nomad Foods in a research report on Thursday, November 16th. They set a “buy” rating and a $18.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $17.20.

Shares of Nomad Foods Limited (NOMD) opened at $16.65 on Thursday. The company has a market capitalization of $2,821.46 and a PE ratio of 17.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.03. Nomad Foods Limited has a 12 month low of $9.25 and a 12 month high of $16.90.

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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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Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

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