First Mercantile Trust Co. Has $235,000 Holdings in Nomad Foods Ltd (NYSE:NOMD)

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First Mercantile Trust Co. lessened its stake in Nomad Foods Ltd (NYSE:NOMD) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,473 shares of the company’s stock after selling 1,220 shares during the quarter. First Mercantile Trust Co.’s holdings in Nomad Foods were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gabelli Funds LLC boosted its stake in shares of Nomad Foods by 1.3% in the 3rd quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock valued at $1,640,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Nomad Foods by 15.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,106,694 shares of the company’s stock valued at $22,575,000 after purchasing an additional 149,779 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Nomad Foods by 48.8% in the 3rd quarter. California Public Employees Retirement System now owns 395,373 shares of the company’s stock valued at $8,105,000 after purchasing an additional 129,577 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Nomad Foods in the 3rd quarter valued at about $92,000. Finally, Cubic Asset Management LLC boosted its stake in shares of Nomad Foods by 23.7% in the 3rd quarter. Cubic Asset Management LLC now owns 26,630 shares of the company’s stock valued at $546,000 after purchasing an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.

Several research analysts have recently issued reports on the stock. Barclays set a $25.00 target price on shares of Nomad Foods and gave the company a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, ValuEngine lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $24.83.

Nomad Foods stock opened at $20.33 on Friday. The company’s 50 day simple moving average is $19.91 and its 200 day simple moving average is $20.95. Nomad Foods Ltd has a fifty-two week low of $15.87 and a fifty-two week high of $23.06. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.20.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Nomad Foods had a net margin of 6.35% and a return on equity of 9.63%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $543.51 million. During the same quarter last year, the firm earned $0.26 EPS. Nomad Foods’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that Nomad Foods Ltd will post 1.37 EPS for the current fiscal year.

Nomad Foods Company Profile

Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of 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.

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

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