Vident Investment Advisory LLC purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,156 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NOMD. Trexquant Investment LP purchased a new position in Nomad Foods during the 2nd quarter valued at about $208,000. Schwab Charles Investment Management Inc. purchased a new position in Nomad Foods during the 2nd quarter valued at about $295,000. Bank of New York Mellon Corp purchased a new position in Nomad Foods during the 2nd quarter valued at about $1,132,000. Marshall Wace North America L.P. increased its stake in Nomad Foods by 494.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 372,861 shares of the company’s stock valued at $5,220,000 after purchasing an additional 310,119 shares in the last quarter. Finally, RiverPoint Capital Management LLC increased its stake in Nomad Foods by 3.1% during the 2nd quarter. RiverPoint Capital Management LLC now owns 30,270 shares of the company’s stock valued at $427,000 after purchasing an additional 910 shares in the last quarter. 72.83% of the stock is owned by institutional investors.

A number of research firms have weighed in on NOMD. Zacks Investment Research upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Saturday, December 2nd. SunTrust Banks lifted their price target on shares of Nomad Foods to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. ValuEngine upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Berenberg Bank began coverage on shares of Nomad Foods in a research note on Thursday, November 16th. They issued a “buy” rating and a $18.00 price target for the company. Six investment analysts have rated the stock with a buy rating, Nomad Foods currently has a consensus rating of “Buy” and a consensus price target of $17.20.

Shares of Nomad Foods Limited (NOMD) opened at $16.65 on Thursday. Nomad Foods Limited has a 12 month low of $9.25 and a 12 month high of $16.90. The company has a market cap of $2,821.46 and a P/E ratio of 17.23. The company has a quick ratio of 0.56, a current ratio of 1.03 and a debt-to-equity ratio of 0.77.

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Nomad Foods Profile

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.

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

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