Nomad Foods Limited (NYSE:NOMD) Shares Sold by Paradice Investment Management LLC

Paradice Investment Management LLC lowered its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,267,002 shares of the company's stock after selling 85,066 shares during the period. Nomad Foods makes up approximately 4.2% of Paradice Investment Management LLC's investment portfolio, making the stock its 13th largest position. Paradice Investment Management LLC owned 0.78% of Nomad Foods worth $21,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NOMD. First Bank & Trust acquired a new stake in Nomad Foods during the 3rd quarter worth approximately $192,000. Custom Index Systems LLC lifted its holdings in Nomad Foods by 4.7% during the 3rd quarter. Custom Index Systems LLC now owns 18,845 shares of the company's stock worth $359,000 after buying an additional 847 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Nomad Foods by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company's stock worth $3,864,000 after buying an additional 1,450 shares in the last quarter. Oak Ridge Investments LLC lifted its holdings in Nomad Foods by 1.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 296,243 shares of the company's stock worth $5,646,000 after buying an additional 5,456 shares in the last quarter. Finally, VELA Investment Management LLC acquired a new stake in Nomad Foods during the 3rd quarter worth approximately $286,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Mizuho reduced their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Finally, Barclays lowered their target price on shares of Nomad Foods from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Friday, January 17th.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded up $0.52 during midday trading on Friday, hitting $18.87. The stock had a trading volume of 923,666 shares, compared to its average volume of 596,990. The company has a market capitalization of $3.07 billion, a PE ratio of 14.18 and a beta of 0.79. The stock has a 50 day moving average price of $17.12 and a two-hundred day moving average price of $17.80. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.05.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a yield of 3.60%. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's payout ratio is currently 51.13%.

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.