Applied Fundamental Research LLC Has $15.57 Million Stake in Nomad Foods Limited (NYSE:NOMD)

Applied Fundamental Research LLC raised its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 927,791 shares of the company's stock after buying an additional 22,872 shares during the period. Nomad Foods comprises approximately 12.2% of Applied Fundamental Research LLC's investment portfolio, making the stock its 3rd biggest holding. Applied Fundamental Research LLC owned approximately 0.57% of Nomad Foods worth $15,568,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its stake in Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after buying an additional 670 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock valued at $40,000 after purchasing an additional 800 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock worth $75,000 after purchasing an additional 804 shares during the period. State Street Corp increased its stake in shares of Nomad Foods by 0.6% during the third quarter. State Street Corp now owns 182,004 shares of the company's stock worth $3,469,000 after purchasing an additional 1,018 shares during the period. Finally, Blue Trust Inc. boosted its stake in Nomad Foods by 70.6% in the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,448 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have weighed in on NOMD. Barclays increased their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Mizuho raised their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th.

Nomad Foods Price Performance

Nomad Foods stock traded up $0.03 during mid-day trading on Thursday, reaching $19.60. 290,660 shares of the company were exchanged, compared to its average volume of 595,475. The company has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $17.94. The firm has a market cap of $3.01 billion, a PE ratio of 14.74 and a beta of 0.77. 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 12 month low of $15.43 and a 12 month high of $20.81.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.47%. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date was Monday, February 10th. Nomad Foods's dividend payout ratio is presently 45.03%.

Nomad Foods 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.