Fayez Sarofim & Co Invests $336,000 in Nomad Foods Limited (NYSE:NOMD)

Fayez Sarofim & Co purchased a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the company's stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOMD. Blue Trust Inc. lifted its stake 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 during the last quarter. Parkside Financial Bank & Trust lifted 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 valued at $63,000 after acquiring an additional 670 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Nomad Foods in the 4th quarter valued at $76,000. R Squared Ltd acquired a new stake in shares of Nomad Foods during the 4th quarter valued at $83,000. Finally, Tower Research Capital LLC TRC grew its position in Nomad Foods by 13,508.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock worth $107,000 after acquiring an additional 6,349 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of recent research reports. Mizuho lifted their price target on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Finally, StockNews.com upgraded shares of Nomad Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 11th.

Nomad Foods Trading Up 0.2 %

Shares of NOMD stock opened at $19.66 on Tuesday. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.78 and a beta of 0.83. The stock has a 50-day moving average of $19.31 and a 200-day moving average of $17.98.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Monday, February 10th. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio is currently 45.03%.

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.

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