Loomis Sayles & Co. L P Raises Stake in Nomad Foods Limited (NYSE:NOMD)

Loomis Sayles & Co. L P grew its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 25.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,418,497 shares of the company's stock after buying an additional 289,090 shares during the quarter. Loomis Sayles & Co. L P owned 0.87% of Nomad Foods worth $27,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners grew its holdings in shares of Nomad Foods by 18.8% in the first quarter. Boston Partners now owns 8,563,043 shares of the company's stock worth $167,241,000 after acquiring an additional 1,356,159 shares during the period. Renaissance Technologies LLC boosted its position in shares of Nomad Foods by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company's stock valued at $68,881,000 after acquiring an additional 320,900 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of Nomad Foods by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company's stock worth $76,615,000 after buying an additional 114,750 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Nomad Foods by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company's stock valued at $39,439,000 after purchasing an additional 18,189 shares during the last quarter. Finally, Townsend & Associates Inc raised its stake in shares of Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company's stock valued at $26,976,000 after acquiring an additional 53,694 shares during the period. Institutional investors own 75.26% of the company's stock.

Nomad Foods Price Performance

Shares of NYSE:NOMD traded up $0.27 during midday trading on Tuesday, hitting $17.96. The company had a trading volume of 757,418 shares, compared to its average volume of 614,217. The business's 50-day simple moving average is $17.90 and its 200-day simple moving average is $17.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 13.30 and a beta of 0.79. Nomad Foods Limited has a twelve month low of $15.76 and a twelve month high of $20.05.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.34%. Nomad Foods's dividend payout ratio is presently 45.11%.

Analyst Ratings Changes

A number of brokerages have recently commented on NOMD. 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 reduced their price target on Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, November 4th.

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.