Loomis Sayles & Co. L P Has $28.01 Million Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Loomis Sayles & Co. L P boosted its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 17.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,669,097 shares of the company's stock after buying an additional 250,600 shares during the quarter. Loomis Sayles & Co. L P owned about 1.02% of Nomad Foods worth $28,007,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NOMD. Charles Schwab Investment Management Inc. lifted its holdings in Nomad Foods by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company's stock worth $19,144,000 after purchasing an additional 114,026 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Nomad Foods in the fourth quarter valued at approximately $11,967,000. River Road Asset Management LLC lifted its stake in shares of Nomad Foods by 0.6% in the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after buying an additional 24,775 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Nomad Foods by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock worth $459,000 after buying an additional 2,535 shares during the period. Finally, Systematic Financial Management LP grew its stake in Nomad Foods by 11.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company's stock valued at $24,151,000 after buying an additional 130,792 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

Nomad Foods Stock Performance

NOMD stock traded up $0.14 during trading on Tuesday, reaching $19.79. 75,547 shares of the stock were exchanged, compared to its average volume of 619,068. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month 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 company has a market capitalization of $3.04 billion, a P/E ratio of 14.85 and a beta of 0.77. The stock has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $17.95.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio (DPR) is presently 45.03%.

Nomad Foods 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.