Clean Yield Group Has $477,000 Position in Nomad Foods Limited (NYSE:NOMD)

Clean Yield Group cut its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,454 shares of the company's stock after selling 132,665 shares during the quarter. Clean Yield Group's holdings in Nomad Foods were worth $477,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NOMD. Nomura Asset Management Co. Ltd. grew its position in Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock worth $40,000 after buying an additional 800 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Nomad Foods in the 2nd quarter worth $42,000. National Bank of Canada FI raised its position in shares of Nomad Foods by 378.4% during the second quarter. National Bank of Canada FI now owns 2,775 shares of the company's stock worth $46,000 after purchasing an additional 2,195 shares during the period. Quarry LP lifted its holdings in shares of Nomad Foods by 366.5% during the second quarter. Quarry LP now owns 3,004 shares of the company's stock valued at $50,000 after purchasing an additional 2,360 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock valued at $75,000 after purchasing an additional 804 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NOMD shares. Deutsche Bank Aktiengesellschaft reduced 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 note on Monday, November 4th. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Mizuho cut their target price on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th.

Nomad Foods Stock Up 1.6 %

Shares of NOMD traded up $0.25 during trading hours on Monday, reaching $15.86. The company's stock had a trading volume of 518,356 shares, compared to its average volume of 572,579. The company has a 50 day moving average of $17.08 and a two-hundred day moving average of $17.81. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 11.92 and a beta of 0.79. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.05.

Nomad Foods Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.78%. Nomad Foods's dividend payout ratio 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.