Nomad Foods Limited (NYSE:NOMD) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,254,577 shares of the company's stock after selling 76,750 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.00% of Nomad Foods worth $62,032,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NOMD. Blue Trust Inc. grew its holdings in shares of Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock valued at $27,000 after buying an additional 934 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Nomad Foods during the 2nd quarter valued at $42,000. National Bank of Canada FI lifted its stake in Nomad Foods by 378.4% in the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company's stock worth $46,000 after purchasing an additional 2,195 shares in the last quarter. Quarry LP lifted its stake in Nomad Foods by 366.5% in the 2nd quarter. Quarry LP now owns 3,004 shares of the company's stock worth $50,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock worth $75,000 after purchasing an additional 804 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price 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. StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th.

Nomad Foods Stock Down 1.5 %

NYSE:NOMD traded down $0.26 during midday trading on Monday, reaching $17.51. 692,576 shares of the stock traded hands, compared to its average volume of 610,688. Nomad Foods Limited has a 12-month low of $15.76 and a 12-month high of $20.05. The business has a 50-day moving average of $17.93 and a two-hundred day moving average of $17.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The stock has a market capitalization of $2.85 billion, a PE ratio of 13.35 and a beta of 0.79.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.43%. Nomad Foods's dividend payout ratio is currently 45.11%.

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.