Charles Schwab Investment Management Inc. Has $19.57 Million Holdings in Nomad Foods Limited (NYSE:NOMD)

Charles Schwab Investment Management Inc. boosted its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,026,841 shares of the company's stock after purchasing an additional 48,303 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of Nomad Foods worth $19,572,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOMD. Vanguard Group Inc. boosted its stake in Nomad Foods by 628.5% during the 1st quarter. Vanguard Group Inc. now owns 889,467 shares of the company's stock valued at $17,398,000 after acquiring an additional 767,366 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Nomad Foods by 8.3% during the second quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company's stock valued at $68,881,000 after purchasing an additional 320,900 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Nomad Foods by 123.2% in the second quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company's stock valued at $9,043,000 after acquiring an additional 302,913 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of Nomad Foods by 47.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 472,133 shares of the company's stock worth $7,781,000 after buying an additional 151,810 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Nomad Foods during the 2nd quarter valued at about $2,412,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of NOMD stock traded down $0.66 during mid-day trading on Friday, reaching $17.07. The stock had a trading volume of 1,200,360 shares, compared to its average volume of 1,011,620. The firm's 50 day simple moving average is $17.63 and its 200 day simple moving average is $17.90. The firm has a market cap of $2.78 billion, a PE ratio of 12.83 and a beta of 0.78. Nomad Foods Limited has a one year low of $15.99 and a one year high of $20.05. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods's dividend payout ratio is currently 45.11%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOMD. Deutsche Bank Aktiengesellschaft decreased their price objective on Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th.

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.