Nomad Foods Limited (NYSE:NOMD) Short Interest Update

Nomad Foods Limited (NYSE:NOMD - Get Free Report) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 1,300,000 shares, a decline of 24.0% from the October 31st total of 1,710,000 shares. Based on an average daily trading volume, of 604,100 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research analysts recently weighed in on NOMD shares. Deutsche Bank Aktiengesellschaft decreased their price objective 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 raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th.

Hedge Funds Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently modified their holdings of NOMD. Boston Partners boosted its position in shares of Nomad Foods by 18.8% during the first quarter. Boston Partners now owns 8,563,043 shares of the company's stock valued at $167,241,000 after purchasing an additional 1,356,159 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Nomad Foods by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company's stock worth $68,881,000 after buying an additional 320,900 shares during the period. River Road Asset Management LLC lifted its position in Nomad Foods by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company's stock valued at $76,615,000 after acquiring an additional 114,750 shares during the period. Victory Capital Management Inc. boosted its stake in Nomad Foods by 0.9% during the third quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company's stock worth $39,439,000 after acquiring an additional 18,189 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Nomad Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company's stock worth $36,345,000 after purchasing an additional 39,739 shares during the period. 75.26% of the stock is owned by institutional investors.

Nomad Foods Trading Up 1.2 %

NOMD stock traded up $0.22 during trading on Friday, hitting $18.31. 532,819 shares of the company traded hands, compared to its average volume of 614,614. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a 50-day moving average of $17.77 and a 200-day moving average of $17.92. The firm has a market capitalization of $2.98 billion, a PE ratio of 13.77 and a beta of 0.79. Nomad Foods has a 1 year low of $15.76 and a 1 year high of $20.05.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, November 8th. 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.