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

Nomad Foods (NYSE:NOMD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Nomad Foods Trading Up 1.6 %

Nomad Foods stock traded up $0.27 during midday trading on Monday, reaching $16.74. The stock had a trading volume of 977,606 shares, compared to its average volume of 601,878. Nomad Foods has a twelve month low of $15.76 and a twelve month high of $20.05. The stock has a market capitalization of $2.73 billion, a PE ratio of 12.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. The stock’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NOMD. Miller Howard Investments Inc. NY lifted its position in Nomad Foods by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock worth $452,000 after buying an additional 595 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nomad Foods by 61.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after acquiring an additional 800 shares in the last quarter. Avior Wealth Management LLC grew its stake in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after purchasing an additional 804 shares in the last quarter. Custom Index Systems LLC increased its position in Nomad Foods by 4.7% in the 3rd quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after purchasing an additional 847 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Nomad Foods by 133.2% in the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after purchasing an additional 934 shares during the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

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.