Robeco Institutional Asset Management B.V. grew its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 21.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 426,273 shares of the company's stock after acquiring an additional 76,394 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.26% of Nomad Foods worth $8,125,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners increased its stake in Nomad Foods by 18.8% in the 1st quarter. Boston Partners now owns 8,563,043 shares of the company's stock valued at $167,241,000 after purchasing an additional 1,356,159 shares in the last quarter. Renaissance Technologies LLC grew its stake in Nomad Foods by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company's stock worth $68,881,000 after acquiring an additional 320,900 shares during the period. Russell Investments Group Ltd. raised its holdings in Nomad Foods by 16.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,377,332 shares of the company's stock valued at $26,941,000 after acquiring an additional 193,531 shares during the last quarter. Paradice Investment Management LLC lifted its stake in shares of Nomad Foods by 8.3% during the 2nd quarter. Paradice Investment Management LLC now owns 1,365,974 shares of the company's stock worth $22,511,000 after purchasing an additional 104,177 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in shares of Nomad Foods by 26.0% during the first quarter. Invenomic Capital Management LP now owns 1,218,304 shares of the company's stock worth $23,830,000 after purchasing an additional 251,619 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Nomad Foods from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday. Finally, StockNews.com lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Thursday.
View Our Latest Stock Report on NOMD
Nomad Foods Stock Up 1.3 %
Shares of NYSE:NOMD traded up $0.22 during trading on Friday, reaching $17.57. 374,024 shares of the company traded hands, compared to its average volume of 579,846. The firm has a market cap of $2.86 billion, a P/E ratio of 12.97 and a beta of 0.79. Nomad Foods Limited has a 1-year low of $14.54 and a 1-year high of $20.05. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $18.05.
Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. The company had revenue of $810.64 million during the quarter, compared to analysts' expectations of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. Analysts anticipate that Nomad Foods Limited will post 1.96 earnings per share for the current fiscal year.
Nomad Foods Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.41%. Nomad Foods's payout ratio is presently 44.44%.
Nomad Foods Company Profile
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Free Report)
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.
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