EntryPoint Capital LLC Takes $215,000 Position in Nomad Foods Limited (NYSE:NOMD)

EntryPoint Capital LLC purchased a new position in Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,792 shares of the company's stock, valued at approximately $215,000.

Other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Nomad Foods by 61.5% in the 3rd 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 holdings in Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after buying an additional 1,448 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of 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 acquiring an additional 670 shares in the last quarter. R Squared Ltd bought a new position in Nomad Foods during the 4th quarter valued at approximately $83,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Nomad Foods in the fourth quarter worth approximately $124,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Nomad Foods Trading Up 2.2 %

NOMD traded up $0.44 on Thursday, reaching $20.10. 47,333 shares of the company traded hands, compared to its average volume of 614,876. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The company has a market cap of $3.08 billion, a P/E ratio of 15.11 and a beta of 0.77. The firm has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $17.97. 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 declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.38%. Nomad Foods's dividend payout ratio (DPR) is currently 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.