KBC Group NV Has $2.49 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

KBC Group NV decreased its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 76.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 130,418 shares of the company's stock after selling 424,942 shares during the period. KBC Group NV owned approximately 0.08% of Nomad Foods worth $2,486,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NOMD. Swedbank AB bought a new stake in shares of Nomad Foods during the first quarter worth $10,425,000. Assenagon Asset Management S.A. boosted its stake in Nomad Foods by 123.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company's stock worth $9,043,000 after purchasing an additional 302,913 shares during the period. SG Americas Securities LLC bought a new position in Nomad Foods during the 2nd quarter worth about $251,000. Townsend & Associates Inc raised its stake in shares of Nomad Foods by 3.6% in the 3rd quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company's stock valued at $26,976,000 after purchasing an additional 53,694 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Nomad Foods by 8.3% in 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. Institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

NOMD stock traded up $0.09 during trading hours on Tuesday, reaching $16.83. The stock had a trading volume of 670,143 shares, compared to its average volume of 602,594. The stock has a market capitalization of $2.74 billion, a PE ratio of 12.63 and a beta of 0.79. The stock has a 50-day simple moving average of $18.08 and a 200 day simple moving average of $17.96. Nomad Foods Limited has a fifty-two week low of $15.76 and a fifty-two week 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.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, November 8th. Nomad Foods's payout ratio is currently 45.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday.

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.