Nomad Foods Limited (NYSE:NOMD) Short Interest Update

Nomad Foods Limited (NYSE:NOMD - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,790,000 shares, a growth of 31.6% from the January 31st total of 2,120,000 shares. Approximately 2.1% of the company's shares are sold short. Based on an average daily volume of 672,700 shares, the short-interest ratio is presently 4.1 days.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NOMD shares. StockNews.com upgraded Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Barclays raised their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, Mizuho increased their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday.

Institutional Trading of Nomad Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of NOMD. Norges Bank acquired a new position in shares of Nomad Foods in the 4th quarter valued at $27,386,000. Raymond James Financial Inc. purchased a new position in Nomad Foods in the 4th quarter valued at $11,967,000. Vident Advisory LLC acquired a new stake in shares of Nomad Foods in the 4th quarter worth $9,003,000. Brown Advisory Inc. boosted its holdings in Nomad Foods by 5.2% in the 4th quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock valued at $140,552,000 after purchasing an additional 410,455 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in Nomad Foods by 41.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,265,000 shares of the company's stock worth $21,227,000 after purchasing an additional 373,800 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

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Nomad Foods Stock Down 0.4 %

NOMD stock traded down $0.07 during mid-day trading on Friday, reaching $20.36. The company had a trading volume of 1,226,480 shares, compared to its average volume of 593,792. The firm has a fifty day simple moving average of $17.67 and a 200 day simple moving average of $17.87. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 15.31 and a beta of 0.77. Nomad Foods has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20.

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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date was Monday, February 10th. Nomad Foods's dividend payout ratio (DPR) is presently 45.03%.

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.