Natixis Advisors LLC Cuts Stock Position in Nomad Foods Limited (NYSE:NOMD)

Natixis Advisors LLC lessened its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 70.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,829 shares of the company's stock after selling 50,818 shares during the quarter. Natixis Advisors LLC's holdings in Nomad Foods were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC boosted its stake in shares of Nomad Foods by 62.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock valued at $12,753,000 after purchasing an additional 291,258 shares during the period. River Road Asset Management LLC lifted its holdings in Nomad Foods by 0.6% during the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock valued at $67,866,000 after buying an additional 24,775 shares in the last quarter. Kendall Capital Management boosted its position in Nomad Foods by 34.6% in the 4th quarter. Kendall Capital Management now owns 43,825 shares of the company's stock valued at $735,000 after buying an additional 11,255 shares during the period. PNC Financial Services Group Inc. grew its stake in Nomad Foods by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock worth $459,000 after acquiring an additional 2,535 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Nomad Foods during the fourth quarter worth approximately $11,967,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

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Nomad Foods Stock Down 1.0 %

Shares of NOMD traded down $0.19 during mid-day trading on Monday, hitting $19.65. The company's stock had a trading volume of 506,979 shares, compared to its average volume of 621,198. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.77 and a beta of 0.77. The company's 50-day moving average is $18.67 and its 200-day moving average is $17.95. 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 52-week low of $15.43 and a 52-week high of $20.81.

Nomad Foods Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays boosted their price target on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Mizuho increased their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th.

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.