Nomad Foods Limited (NYSE:NOMD) Short Interest Update

Nomad Foods Limited (NYSE:NOMD - Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,090,000 shares, a drop of 25.1% from the February 13th total of 2,790,000 shares. Based on an average daily trading volume, of 697,400 shares, the short-interest ratio is presently 3.0 days. Approximately 1.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

NOMD has been the subject of a number of research reports. Barclays increased their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Mizuho increased their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Brown Advisory Inc. boosted its holdings in shares of Nomad Foods by 5.2% in the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock worth $140,552,000 after acquiring an additional 410,455 shares during the period. Alliancebernstein L.P. boosted its stake in Nomad Foods by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock worth $129,346,000 after purchasing an additional 187,146 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Nomad Foods by 2.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock valued at $70,077,000 after buying an additional 86,897 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Nomad Foods by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock valued at $67,866,000 after buying an additional 24,775 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock worth $38,968,000 after buying an additional 253,086 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

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Nomad Foods Stock Performance

NYSE NOMD traded up $0.03 during trading on Thursday, hitting $19.60. 290,660 shares of the company's stock traded hands, compared to its average volume of 697,799. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.74 and a beta of 0.77. 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 business has a 50 day moving average of $18.18 and a 200-day moving average of $17.94. Nomad Foods has a 12-month low of $15.43 and a 12-month high of $20.81.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a $0.17 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.47%. Nomad Foods's dividend payout ratio (DPR) is 45.03%.

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.