New York State Common Retirement Fund Grows Stake in Nomad Foods Limited (NYSE:NOMD)

Posted by Defense World Staff on Apr 19th, 2023

New York State Common Retirement Fund grew its position in Nomad Foods Limited (NYSE:NOMD – Get Rating) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 925,227 shares of the company’s stock after purchasing an additional 121,488 shares during the quarter. New York State Common Retirement Fund owned about 0.54% of Nomad Foods worth $15,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC grew its holdings in Nomad Foods by 864.5% in the third quarter. Cubist Systematic Strategies LLC now owns 251,709 shares of the company’s stock worth $3,574,000 after purchasing an additional 225,612 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Nomad Foods by 0.8% during the third quarter. Daiwa Securities Group Inc. now owns 278,568 shares of the company’s stock valued at $3,956,000 after buying an additional 2,141 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Nomad Foods by 47.6% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 135,325 shares of the company’s stock valued at $2,333,000 after buying an additional 43,645 shares during the last quarter. Clean Yield Group grew its holdings in shares of Nomad Foods by 25.5% during the third quarter. Clean Yield Group now owns 216,748 shares of the company’s stock valued at $3,078,000 after buying an additional 44,079 shares during the last quarter. Finally, Portland Investment Counsel Inc. grew its holdings in shares of Nomad Foods by 0.7% during the third quarter. Portland Investment Counsel Inc. now owns 183,478 shares of the company’s stock valued at $2,605,000 after buying an additional 1,242 shares during the last quarter. 78.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NOMD shares. The Goldman Sachs Group raised shares of Nomad Foods from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Sunday, February 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nomad Foods from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Barclays boosted their price objective on shares of Nomad Foods from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, April 14th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Credit Suisse Group restated a “neutral” rating and set a $20.00 target price on shares of Nomad Foods in a research report on Monday, February 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Nomad Foods Trading Up 0.5 %

NYSE NOMD opened at $18.71 on Wednesday. The company has a market capitalization of $3.26 billion, a PE ratio of 12.47 and a beta of 0.74. The company has a fifty day moving average of $18.11 and a 200 day moving average of $16.93. Nomad Foods Limited has a 1 year low of $12.50 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 0.70.

Nomad Foods (NYSE:NOMD – Get Rating) last posted its earnings results on Thursday, February 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $766.03 million for the quarter, compared to analyst estimates of $788.13 million. Nomad Foods had a net margin of 8.49% and a return on equity of 11.77%. Research analysts forecast that Nomad Foods Limited will post 1.62 earnings per share for the current year.

Nomad Foods Company Profile

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Nomad Foods Ltd. operates as a holding company, which manufactures and sells frozen foods for human consumption. The firm offers its products under the brands LUTOSA, la Cocinera, Birds Eye, Iglo, and Findus. The company was founded by Noam Gottesman and Sir Martin E. Franklin on April 1, 2014 and is headquartered in Middlesex, the United Kingdom.