Charles Schwab Investment Management Inc. Purchases 114,026 Shares of Nomad Foods Limited (NYSE:NOMD)

Charles Schwab Investment Management Inc. increased its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,140,867 shares of the company's stock after acquiring an additional 114,026 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.70% of Nomad Foods worth $19,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOMD. Factorial Partners LLC grew its stake in Nomad Foods by 1.6% in the 4th quarter. Factorial Partners LLC now owns 191,100 shares of the company's stock worth $3,207,000 after buying an additional 3,000 shares in the last quarter. VELA Investment Management LLC grew its stake in Nomad Foods by 206.7% in the 4th quarter. VELA Investment Management LLC now owns 46,000 shares of the company's stock worth $772,000 after buying an additional 31,000 shares in the last quarter. 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 worth $63,000 after buying an additional 670 shares in the last quarter. Townsend & Associates Inc grew its stake in Nomad Foods by 3.2% in the 4th quarter. Townsend & Associates Inc now owns 1,589,052 shares of the company's stock worth $26,807,000 after buying an additional 49,321 shares in the last quarter. Finally, PYA Waltman Capital LLC grew its stake in Nomad Foods by 3.2% in the 4th quarter. PYA Waltman Capital LLC now owns 297,017 shares of the company's stock worth $4,984,000 after buying an additional 9,347 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

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Nomad Foods Trading Down 1.0 %

Shares of Nomad Foods stock traded down $0.20 during trading on Friday, reaching $19.35. The company's stock had a trading volume of 814,949 shares, compared to its average volume of 597,392. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 14.55 and a beta of 0.77. The firm's 50-day moving average is $18.33 and its two-hundred day 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 company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued 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 yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods's dividend payout ratio is currently 45.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Mizuho upped their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 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.