Nomad Foods Limited (NYSE: NOMD) Shares sold by Envestnet Asset Management Inc.

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Envestnet Asset Management Inc. reduced its stake in Nomad Foods Limited (NYSE: NOMD – Get Rating) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 187,939 shares of the company after selling 24,256 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Nomad Foods worth $4,244,000 at the end of the last quarter.

Several other institutional investors and hedge funds also changed their positions in the stock. Capital Advisors Ltd. LLC acquired a new stake in Nomad Foods in Q4 worth approximately $50,000. SG Americas Securities LLC increased its position in Nomad Foods shares by 9.2% in the fourth quarter. SG Americas Securities LLC now owns 4,786 shares of the company valued at $122,000 after purchasing an additional 402 shares during the period. Chilton Capital Management LLC acquired a new position in Nomad Foods in the fourth quarter worth $188,000. First Bank & Trust increased its position in Nomad Foods by 44.3% in the first quarter. First Bank & Trust now owns 8,508 shares of the company worth $192,000 after purchasing an additional 2,613 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Nomad Foods in Q4 worth approximately $204,000. 78.08% of the shares are currently held by hedge funds and other institutional investors.

Wall Street analysts predict growth

NOMD has been the subject of a number of research analyst reports. Mizuho lowered its price target on Nomad Foods shares from $31.00 to $25.00 in a Tuesday, May 3 research note. Deutsche Bank Aktiengesellschaft raised its price target on Nomad Foods shares from $25.00 to $26.00 in a Thursday, May 12 research note. Finally, BTIG Research lowered its price target on Nomad Foods shares from $32.00 to $25.00 in a Friday, May 13 research note. Two analysts rated the stock with a hold rating and six gave the company’s stock a buy rating. Based on data from MarketBeat.com, Nomad Foods currently has an average rating of “Moderate Buy” and a consensus price target of $27.25.

Nomad Foods Stock Up 0.5%

NYSE NOMD shares opened at $19.41 on Friday. The stock has a fifty-day moving average price of $19.19 and a 200-day moving average price of $21.06. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt ratio of 0.91. Nomad Foods Limited has a 12 month minimum of $17.30 and a 12 month maximum of $28.92. The company has a market capitalization of $3.35 billion, a P/E ratio of 14.49 and a beta of 0.63.

Nomad Foods (NYSE:NOMD – Get Rating) last released its results on Wednesday, August 10. The company reported earnings per share (EPS) of $0.40 for the quarter, missing analyst consensus estimates of $0.42 per ($0.02). The company posted revenue of $697.00 million in the quarter, versus analyst estimates of $681.73 million. Nomad Foods achieved a net margin of 7.68% and a return on equity of 11.35%. Nomad Foods’ quarterly revenue increased 16.9% from the same quarter last year. In the same quarter last year, the company posted EPS of $0.48. Research analysts expect Nomad Foods Limited to post an EPS of 1.81 for the current financial year.

Nomad Foods Company Profile

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Nomad Foods Limited manufactures, markets and distributes frozen food products in the UK, Italy, Germany, France, Sweden, Austria, Norway, Spain and the rest of Europe. The company offers fish products, including fish sticks, coated fish and natural fish; vegetables, such as peas and spinach; and poultry and meat products including nuggets, grills and burgers.

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Institutional ownership by quarter for Nomad Foods (NYSE:NOMD)



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