Nomad Foods (NYSE:NOMD) Stock Rating Upgraded by StockNews.com

Nomad Foods (NYSE:NOMD) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, November 4th.

Nomad Foods Stock Up 0.5 %

NYSE NOMD opened at $16.83 on Monday. The stock has a 50 day moving average price of $18.08 and a 200-day moving average price of $17.96. Nomad Foods has a one year low of $15.76 and a one year high of $20.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market capitalization of $2.74 billion, a P/E ratio of 12.63 and a beta of 0.79.

Institutional Trading of Nomad Foods

A number of institutional investors have recently bought and sold shares of NOMD. Vanguard Group Inc. lifted its holdings in shares of Nomad Foods by 628.5% in the 1st quarter. Vanguard Group Inc. now owns 889,467 shares of the company’s stock worth $17,398,000 after acquiring an additional 767,366 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Nomad Foods by 1.2% during the first quarter. Gabelli Funds LLC now owns 157,982 shares of the company’s stock valued at $3,090,000 after buying an additional 1,917 shares during the period. Invenomic Capital Management LP grew its stake in shares of Nomad Foods by 26.0% during the first quarter. Invenomic Capital Management LP now owns 1,218,304 shares of the company’s stock valued at $23,830,000 after buying an additional 251,619 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Nomad Foods by 0.5% in the first quarter. Ancora Advisors LLC now owns 549,825 shares of the company’s stock worth $10,755,000 after buying an additional 2,555 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Nomad Foods in the first quarter worth approximately $10,425,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Company Profile

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.