Gabelli Funds LLC Acquires 1,000 Shares of Nomad Foods Ltd (NYSE:NOMD)

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Gabelli Funds LLC boosted its holdings in Nomad Foods Ltd (NYSE:NOMD) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 80,000 shares of the company’s stock after buying an additional 1,000 shares during the period. Gabelli Funds LLC’s holdings in Nomad Foods were worth $1,640,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Nomad Foods in the 2nd quarter valued at approximately $29,000. Advisory Services Network LLC lifted its holdings in shares of Nomad Foods by 133.4% during the 2nd quarter. Advisory Services Network LLC now owns 3,545 shares of the company’s stock valued at $76,000 after buying an additional 2,026 shares during the period. First Bank & Trust lifted its holdings in shares of Nomad Foods by 32.9% during the 2nd quarter. First Bank & Trust now owns 3,882 shares of the company’s stock valued at $83,000 after buying an additional 960 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Nomad Foods during the 3rd quarter valued at $92,000. Finally, Massey Quick Simon & CO. LLC bought a new position in shares of Nomad Foods during the 3rd quarter valued at $167,000. 77.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NOMD traded up $0.53 during midday trading on Friday, hitting $20.33. 1,517,494 shares of the stock traded hands, compared to its average volume of 1,047,733. The firm has a 50-day moving average of $19.91 and a two-hundred day moving average of $20.95. The firm has a market capitalization of $3.80 billion, a P/E 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 quick ratio of 1.20 and a current ratio of 1.64. Nomad Foods Ltd has a one year low of $15.87 and a one year high of $23.06.

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

Several research firms have recently weighed in on NOMD. ValuEngine cut Nomad Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays set a $25.00 price target on Nomad Foods and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research cut Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.83.

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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