PYA Waltman Capital LLC Increases Stake in Nomad Foods Limited (NYSE:NOMD)

PYA Waltman Capital LLC increased its holdings in shares of Nomad Foods Limited (NYSE:NOMDGet Rating) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,018 shares of the company’s stock after purchasing an additional 5,075 shares during the quarter. Nomad Foods makes up approximately 1.5% of PYA Waltman Capital LLC’s portfolio, making the stock its 22nd biggest position. PYA Waltman Capital LLC owned approximately 0.08% of Nomad Foods worth $2,958,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Nomad Foods by 9.2% during the fourth quarter. SG Americas Securities LLC now owns 4,786 shares of the company’s stock worth $122,000 after purchasing an additional 402 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Nomad Foods by 2.4% in the fourth quarter. Eagle Asset Management Inc. now owns 20,903 shares of the company’s stock valued at $529,000 after buying an additional 488 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Nomad Foods by 8.1% in the first quarter. Banque Cantonale Vaudoise now owns 11,121 shares of the company’s stock valued at $251,000 after buying an additional 835 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in Nomad Foods in the first quarter valued at approximately $27,000. Finally, Aurora Investment Counsel lifted its stake in Nomad Foods by 2.7% in the fourth quarter. Aurora Investment Counsel now owns 51,404 shares of the company’s stock valued at $1,305,000 after buying an additional 1,331 shares during the last quarter. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Nomad Foods Trading Up 1.6 %

Shares of NOMD stock opened at $18.94 on Friday. The business’s fifty day moving average price is $19.39 and its 200 day moving average price is $21.33. Nomad Foods Limited has a 1-year low of $17.30 and a 1-year high of $28.92. The firm has a market capitalization of $3.27 billion, a PE ratio of 15.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.00 and a quick ratio of 0.57.

Nomad Foods (NYSE:NOMDGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. Nomad Foods had a return on equity of 11.55% and a net margin of 7.16%. The firm had revenue of $822.35 million for the quarter, compared to analyst estimates of $772.74 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. As a group, sell-side analysts forecast that Nomad Foods Limited will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOMD. BTIG Research reduced their price objective on Nomad Foods from $32.00 to $25.00 in a research note on Friday, May 13th. Credit Suisse Group reduced their price objective on Nomad Foods from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 12th. Mizuho reduced their price objective on Nomad Foods from $31.00 to $25.00 in a research note on Tuesday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Nomad Foods from $25.00 to $26.00 in a report on Thursday, May 12th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Nomad Foods Company Profile

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Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, 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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