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.
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.
Featured Article: Channel Trading
Want to see what other hedge funds are holding NOMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nomad Foods Ltd (NYSE:NOMD).
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.