NumerixS Investment Technologies Inc Trims Stake in Nomad Foods Ltd (NOMD)

NumerixS Investment Technologies Inc cut its position in Nomad Foods Ltd (NYSE:NOMD) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Macquarie Group Ltd. raised its holdings in shares of Nomad Foods by 4.2% in the 3rd quarter. Macquarie Group Ltd. now owns 343,454 shares of the company’s stock worth $6,958,000 after purchasing an additional 13,975 shares during the period. Legal & General Group Plc grew its position in shares of Nomad Foods by 4.3% during the 3rd quarter. Legal & General Group Plc now owns 64,169 shares of the company’s stock valued at $1,300,000 after purchasing an additional 2,641 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Nomad Foods during the 4th quarter valued at $4,280,000. Franklin Resources Inc. purchased a new position in shares of Nomad Foods during the 3rd quarter valued at $22,067,000. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Nomad Foods by 459.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,541 shares of the company’s stock valued at $1,263,000 after purchasing an additional 62,049 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

NOMD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, January 22nd. UBS Group set a $25.00 price target on shares of Nomad Foods and gave the company a “buy” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. 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. Nomad Foods Ltd has a 52-week low of $15.35 and a 52-week high of $21.80. The firm has a market capitalization 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. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 0.85.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the 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%. Sell-side analysts predict that Nomad Foods Ltd will post 1.49 EPS for the current year.

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Nomad Foods Company Profile

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

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