Nomad Foods Limited (NYSE:NOMD) Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc grew its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,035,044 shares of the company's stock after buying an additional 54,742 shares during the period. Fenimore Asset Management Inc owned 0.64% of Nomad Foods worth $17,368,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Townsend & Associates Inc lifted its position in Nomad Foods by 3.6% during the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company's stock valued at $26,976,000 after buying an additional 53,694 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Nomad Foods by 11.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company's stock valued at $24,151,000 after acquiring an additional 130,792 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Nomad Foods during the 3rd quarter worth $218,000. Loomis Sayles & Co. L P increased its holdings in Nomad Foods by 25.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company's stock valued at $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Finally, Barclays PLC raised its position in Nomad Foods by 53.7% in the third quarter. Barclays PLC now owns 7,681 shares of the company's stock valued at $146,000 after purchasing an additional 2,682 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NOMD shares. Barclays decreased their target price on Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Mizuho decreased their target price on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th.

Nomad Foods Stock Down 0.5 %

NYSE NOMD traded down $0.08 during mid-day trading on Friday, reaching $16.50. 362,492 shares of the company's stock traded hands, compared to its average volume of 450,693. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.05. The company has a fifty day simple moving average of $17.04 and a 200-day simple moving average of $17.81. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 12.40 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.64%. Nomad Foods's dividend payout ratio (DPR) is presently 45.11%.

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.