Counterpoint Mutual Funds LLC Invests $722,000 in Nomad Foods Limited (NYSE:NOMD)

Counterpoint Mutual Funds LLC acquired a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,025 shares of the company's stock, valued at approximately $722,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its holdings in 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 in the last quarter. Blue Trust Inc. lifted its position in Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after acquiring an additional 1,448 shares during the period. Parkside Financial Bank & Trust increased 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 period. Avior Wealth Management LLC raised its holdings in 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in Nomad Foods in the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of analyst reports. Mizuho increased their target price on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. 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.

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Nomad Foods Trading Down 1.0 %

NYSE:NOMD traded down $0.20 on Friday, reaching $19.35. The stock had a trading volume of 814,949 shares, compared to its average volume of 597,188. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month 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 fifty day moving average is $18.25 and its two-hundred day moving average is $17.95. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.51%. 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.