Nomad Foods (NOMD) Reaches New 1-Year High at $21.80

Nomad Foods Ltd (NYSE:NOMD) reached a new 52-week high during trading on Wednesday . The stock traded as high as $21.80 and last traded at $21.69, with a volume of 18959 shares changing hands. The stock had previously closed at $21.50.

Several research firms recently commented on NOMD. Zacks Investment Research cut Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. UBS Group set a $25.00 price target on Nomad Foods and gave the company a “buy” rating in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.50.

The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.44 and a beta of 1.31. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 0.85.



Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Nomad Foods had a return on equity of 10.02% and a net margin of 7.93%. On average, analysts expect that Nomad Foods Ltd will post 1.49 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Nkcfo LLC purchased a new position in Nomad Foods in the fourth quarter worth approximately $27,000. Synovus Financial Corp grew its position in Nomad Foods by 1,303.9% in the fourth quarter. Synovus Financial Corp now owns 1,797 shares of the company’s stock worth $30,000 after acquiring an additional 1,669 shares during the period. Csenge Advisory Group purchased a new position in Nomad Foods in the third quarter worth approximately $37,000. KBC Group NV purchased a new position in Nomad Foods in the fourth quarter worth approximately $67,000. Finally, Advisor Group Inc. grew its position in Nomad Foods by 87.1% in the fourth quarter. Advisor Group Inc. now owns 4,338 shares of the company’s stock worth $72,000 after acquiring an additional 2,020 shares during the period. Institutional investors own 76.14% of the company’s stock.

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Nomad Foods Company Profile (NYSE:NOMD)

Nomad Foods Limited manufactures and distributes frozen foods in Western 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. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.

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