Amundi Sells 634,228 Shares of Nomad Foods Limited (NYSE:NOMD)

Amundi cut its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635,559 shares of the company's stock after selling 634,228 shares during the period. Amundi owned 0.39% of Nomad Foods worth $10,175,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Systematic Financial Management LP boosted its holdings in shares of Nomad Foods by 11.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company's stock worth $24,151,000 after buying an additional 130,792 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Nomad Foods during the 4th quarter worth approximately $317,000. Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock worth $38,968,000 after buying an additional 253,086 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Nomad Foods during the 3rd quarter worth approximately $218,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Nomad Foods by 25.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company's stock worth $27,036,000 after buying an additional 289,090 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Down 0.9 %

Shares of NYSE:NOMD traded down $0.18 during trading on Tuesday, reaching $19.66. 476,928 shares of the stock were exchanged, compared to its average volume of 596,131. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81. The stock has a fifty day moving average of $18.05 and a two-hundred day moving average of $17.92. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 14.78 and a beta of 0.77.

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Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.17 dividend. 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 yield of 3.46%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods's dividend payout ratio is presently 45.03%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price target on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Mizuho increased their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th.

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.