Nomad Foods Ltd (NYSE:NOMD) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 864,800 shares, a decline of 23.0% from the May 15th total of 1,123,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is presently 0.8 days.
A number of large investors have recently bought and sold shares of NOMD. Wells Fargo & Company MN grew its holdings in shares of Nomad Foods by 11.2% during the 1st quarter. Wells Fargo & Company MN now owns 3,988,190 shares of the company’s stock valued at $81,558,000 after acquiring an additional 401,486 shares in the last quarter. Marshall Wace LLP boosted its position in Nomad Foods by 592.0% during the first quarter. Marshall Wace LLP now owns 1,007,633 shares of the company’s stock worth $20,606,000 after purchasing an additional 862,031 shares during the period. Brown Advisory Inc. boosted its position in Nomad Foods by 1.2% during the fourth quarter. Brown Advisory Inc. now owns 4,655,967 shares of the company’s stock worth $77,848,000 after purchasing an additional 54,670 shares during the period. Nicholas Company Inc. lifted its holdings in shares of Nomad Foods by 2.9% in the fourth quarter. Nicholas Company Inc. now owns 314,110 shares of the company’s stock worth $5,251,000 after buying an additional 9,000 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of Nomad Foods by 24.1% in the fourth quarter. Natixis Advisors L.P. now owns 154,932 shares of the company’s stock worth $2,590,000 after buying an additional 30,112 shares in the last quarter. Institutional investors and hedge funds own 77.55% of the company’s stock.
NYSE NOMD traded up $0.38 during trading hours on Thursday, reaching $20.72. The company’s stock had a trading volume of 109,017 shares, compared to its average volume of 929,137. The business’s 50-day moving average is $21.20. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.76. Nomad Foods has a 1 year low of $15.87 and a 1 year high of $22.67. The stock has a market cap of $4.00 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09.
Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. Nomad Foods had a return on equity of 9.84% and a net margin of 5.83%. The firm had revenue of $617.80 million during the quarter, compared to the consensus estimate of $613.77 million. During the same period in the prior year, the business earned $0.35 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. Sell-side analysts anticipate that Nomad Foods will post 1.38 EPS for the current fiscal year.
A number of research analysts have commented on NOMD shares. 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. Citigroup started coverage on shares of Nomad Foods in a research report on Thursday, May 23rd. They set a “neutral” rating and a $24.00 price target on the stock. Goldman Sachs Group started coverage on Nomad Foods in a research note on Wednesday. They set a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research lowered Nomad Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, DA Davidson started coverage on Nomad Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.14.
About Nomad Foods
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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