Raymond James Trust N.A. Acquires 694 Shares of Nomad Foods Ltd (NYSE:NOMD)

Raymond James Trust N.A. lifted its holdings in shares of Nomad Foods Ltd (NYSE:NOMD) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,717 shares of the company’s stock after purchasing an additional 694 shares during the period. Raymond James Trust N.A.’s holdings in Nomad Foods were worth $314,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Nomad Foods by 0.9% in the 4th quarter. Legal & General Group Plc now owns 64,746 shares of the company’s stock worth $1,083,000 after acquiring an additional 577 shares during the last quarter. First Mercantile Trust Co. grew its holdings in Nomad Foods by 13.5% in the 1st quarter. First Mercantile Trust Co. now owns 13,113 shares of the company’s stock worth $268,000 after acquiring an additional 1,563 shares during the last quarter. Avalon Advisors LLC grew its holdings in Nomad Foods by 0.9% in the 1st quarter. Avalon Advisors LLC now owns 192,662 shares of the company’s stock worth $3,940,000 after acquiring an additional 1,674 shares during the last quarter. Investors Research Corp bought a new stake in Nomad Foods in the 1st quarter worth $41,000. Finally, Advisor Group Inc. grew its holdings in Nomad Foods by 87.1% in the 4th 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 last quarter. 77.46% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group initiated coverage on shares of Tricida in a report on Wednesday, June 26th. They issued a “buy” rating and a $48.00 price target on the stock. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. DA Davidson initiated coverage on shares of Nomad Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price on the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, TheStreet lowered shares of Twin Disc from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Nomad Foods presently has a consensus rating of “Buy” and an average target price of $24.17.

Shares of NOMD traded down $0.32 during trading hours on Wednesday, reaching $22.50. 24,757 shares of the company traded hands, compared to its average volume of 726,853. The firm has a fifty day moving average price of $21.69. The stock has a market cap of $4.39 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.54 and a quick ratio of 1.15. Nomad Foods Ltd has a 12 month low of $15.87 and a 12 month high of $23.06.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 9th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The firm had revenue of $617.80 million for the quarter, compared to analyst estimates of $613.77 million. Nomad Foods had a net margin of 5.83% and a return on equity of 9.84%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities analysts anticipate that Nomad Foods Ltd will post 1.37 earnings per share for the current fiscal year.

Nomad Foods 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.

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

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