Chartwell Investment Partners LLC Lowers Position in Nomad Foods Limited (NYSE:NOMD)

Chartwell Investment Partners LLC lessened its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 9.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 433,644 shares of the company's stock after selling 42,867 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.27% of Nomad Foods worth $8,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOMD. Swedbank AB bought a new position in Nomad Foods during the 1st quarter valued at approximately $10,425,000. Russell Investments Group Ltd. increased its position in Nomad Foods by 16.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,377,332 shares of the company's stock valued at $26,941,000 after buying an additional 193,531 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Nomad Foods by 123.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company's stock valued at $9,043,000 after buying an additional 302,913 shares in the last quarter. SG Americas Securities LLC bought a new position in Nomad Foods during the 2nd quarter valued at approximately $251,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Nomad Foods in the 1st quarter worth $1,334,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NOMD shares. Barclays reduced their target price on Nomad Foods from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, July 19th. StockNews.com lowered Nomad Foods from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, November 4th.

Nomad Foods Stock Performance

Shares of NOMD traded down $0.46 during trading hours on Monday, hitting $16.99. The stock had a trading volume of 520,583 shares, compared to its average volume of 580,470. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. Nomad Foods Limited has a 12 month low of $15.76 and a 12 month high of $20.05. The firm has a market capitalization of $2.77 billion, a PE ratio of 12.93 and a beta of 0.79. The stock has a fifty day moving average price of $18.39 and a 200 day moving average price of $18.03.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, November 8th. Nomad Foods's payout ratio is currently 44.44%.

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.