Putnam Investments LLC Has $57.49 Million Stake in Nomad Foods Ltd (NOMD)

Putnam Investments LLC lifted its stake in shares of Nomad Foods Ltd (NYSE:NOMD) by 45.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,837,349 shares of the company’s stock after purchasing an additional 884,258 shares during the quarter. Putnam Investments LLC owned 1.63% of Nomad Foods worth $57,485,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NOMD. FMR LLC boosted its stake in Nomad Foods by 17.2% in the second quarter. FMR LLC now owns 14,483,492 shares of the company’s stock valued at $277,938,000 after buying an additional 2,125,506 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Nomad Foods by 104.2% in the third quarter. Acadian Asset Management LLC now owns 2,621,350 shares of the company’s stock valued at $53,110,000 after buying an additional 1,337,718 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Nomad Foods in the third quarter valued at about $22,067,000. Platinum Investment Management Ltd. acquired a new stake in Nomad Foods in the second quarter valued at about $16,532,000. Finally, Loomis Sayles & Co. L P boosted its stake in Nomad Foods by 92.8% in the third quarter. Loomis Sayles & Co. L P now owns 1,563,604 shares of the company’s stock valued at $31,679,000 after buying an additional 752,414 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Nomad Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. TheStreet raised Nomad Foods from a “d” rating to a “c” rating in a research note on Tuesday, October 16th. Finally, Barclays assumed coverage on Nomad Foods in a research note on Friday, October 5th. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nomad Foods currently has a consensus rating of “Buy” and a consensus target price of $23.75.

NYSE:NOMD opened at $17.60 on Friday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.19 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.88. Nomad Foods Ltd has a twelve month low of $15.27 and a twelve month high of $21.45.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Nomad Foods had a return on equity of 10.14% and a net margin of 7.66%. The business had revenue of $531.00 million for the quarter, compared to analyst estimates of $514.37 million. During the same period last year, the firm posted $0.22 earnings per share. Nomad Foods’s revenue was up 15.7% compared to the same quarter last year. Equities analysts predict that Nomad Foods Ltd will post 1.35 EPS for the current fiscal year.

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Nomad Foods Company Profile

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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Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

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