Assenagon Asset Management S.A. Trims Stake in Nomad Foods Limited (NYSE:NOMD)

Assenagon Asset Management S.A. reduced its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 65.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,516 shares of the company's stock after selling 231,210 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Nomad Foods worth $2,073,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its holdings in Nomad Foods by 11.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,051 shares of the company's stock worth $281,000 after acquiring an additional 1,689 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Nomad Foods during the 2nd quarter valued at $2,412,000. Sei Investments Co. lifted its stake in shares of Nomad Foods by 21.5% during the 2nd quarter. Sei Investments Co. now owns 123,356 shares of the company's stock valued at $2,033,000 after buying an additional 21,824 shares in the last quarter. Magnetar Financial LLC bought a new position in Nomad Foods in the 2nd quarter worth $325,000. Finally, Marshall Wace LLP purchased a new stake in Nomad Foods in the 2nd quarter worth $313,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company 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 report on Monday, November 18th. Mizuho dropped their target price on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a research report on Wednesday, December 18th. Finally, Barclays cut their target price on shares of Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, January 17th.

Nomad Foods Price Performance

Shares of NYSE NOMD traded up $0.18 during midday trading on Thursday, reaching $16.57. 499,099 shares of the stock traded hands, compared to its average volume of 567,207. The company's 50 day moving average is $17.04 and its 200 day moving average is $17.81. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The stock has a market capitalization of $2.70 billion, a PE ratio of 12.46 and a beta of 0.79.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.62%. Nomad Foods's dividend payout ratio (DPR) is presently 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.