Nomad Foods Limited (NYSE:NOMD) Stake Cut by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,987 shares of the company's stock after selling 13,942 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of Nomad Foods worth $4,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of NOMD. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Nomad Foods by 61.5% during 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 period. Blue Trust Inc. increased its holdings 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 in the last quarter. Parkside Financial Bank & Trust boosted its position 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 buying an additional 670 shares during the period. R Squared Ltd acquired a new position in Nomad Foods during the 4th quarter worth approximately $83,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Nomad Foods in the fourth quarter valued at $124,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOMD has been the topic of several analyst reports. Barclays lifted their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. StockNews.com raised Nomad Foods from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, Mizuho lifted their price target on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th.

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Nomad Foods Price Performance

NYSE:NOMD traded up $0.13 during trading hours on Monday, reaching $19.28. 23,778 shares of the company's stock were exchanged, compared to its average volume of 661,757. The company has a market capitalization of $2.96 billion, a P/E ratio of 14.49 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 business's 50-day simple moving average is $19.10 and its two-hundred day simple moving average is $17.95. 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 Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, February 10th. 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 3.53%. Nomad Foods's payout ratio is 45.03%.

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.