Allspring Global Investments Holdings LLC Sells 473,947 Shares of Nomad Foods Limited (NYSE:NOMD)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,569,908 shares of the company's stock after selling 473,947 shares during the period. Allspring Global Investments Holdings LLC owned approximately 4.03% of Nomad Foods worth $109,455,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in Nomad Foods during the fourth quarter valued at $317,000. R Squared Ltd bought a new stake in Nomad Foods during the fourth quarter valued at $83,000. Blue Trust Inc. boosted its stake in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after buying an additional 1,448 shares during the period. Fenimore Asset Management Inc boosted its stake in Nomad Foods by 5.6% during the fourth quarter. Fenimore Asset Management Inc now owns 1,035,044 shares of the company's stock valued at $17,368,000 after buying an additional 54,742 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in Nomad Foods during the fourth quarter valued at $2,766,000. Institutional investors own 75.26% of the company's stock.

Nomad Foods Trading Down 1.4 %

Shares of NOMD traded down $0.26 during trading hours on Friday, hitting $18.05. The company had a trading volume of 415,752 shares, compared to its average volume of 613,113. The firm has a market cap of $2.94 billion, a P/E ratio of 13.57 and a beta of 0.79. The stock's 50 day moving average price is $17.07 and its 200 day moving average price is $17.80. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.05.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.17 per share. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date is Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.77%. Nomad Foods's dividend payout ratio is 45.11%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NOMD shares. Mizuho dropped their price target on Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Barclays dropped their price target on Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, November 4th.

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.