Alliancebernstein L.P. Acquires 187,146 Shares of Nomad Foods Limited (NYSE:NOMD)

Alliancebernstein L.P. raised its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,708,354 shares of the company's stock after purchasing an additional 187,146 shares during the period. Alliancebernstein L.P. owned 4.73% of Nomad Foods worth $129,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NOMD. Nomura Asset Management Co. Ltd. increased its holdings in Nomad Foods by 61.5% in the 3rd 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 during the last quarter. Blue Trust Inc. boosted its position in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after purchasing an additional 1,448 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after purchasing an additional 670 shares in the last quarter. R Squared Ltd bought a new stake in shares of Nomad Foods in the fourth quarter valued at approximately $83,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Nomad Foods during the 4th quarter valued at approximately $124,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Price Performance

Shares of NOMD stock traded down $0.57 during trading hours on Monday, reaching $18.83. The stock had a trading volume of 1,029,474 shares, compared to its average volume of 621,087. The stock's fifty day simple moving average is $18.95 and its 200 day simple moving average is $17.95. The firm has a market capitalization of $2.89 billion, a PE ratio of 14.16 and a beta of 0.83. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

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Nomad Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a dividend of $0.17 per share. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods's payout ratio is 45.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NOMD shares. Barclays boosted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Mizuho lifted their price target on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th.

About Nomad Foods

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.