Norges Bank acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,632,077 shares of the company's stock, valued at approximately $27,386,000. Norges Bank owned 1.00% of Nomad Foods at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Nomad Foods in the fourth quarter worth $11,967,000. Thompson Siegel & Walmsley LLC increased its position in Nomad Foods by 62.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock worth $12,753,000 after purchasing an additional 291,258 shares during the last quarter. Perpetual Ltd raised its stake in shares of Nomad Foods by 64.9% during the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company's stock worth $12,032,000 after purchasing an additional 282,175 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after buying an additional 253,086 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in shares of Nomad Foods by 17.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company's stock valued at $28,007,000 after buying an additional 250,600 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.
Nomad Foods Stock Performance
NOMD traded up $0.22 on Friday, hitting $19.10. The company had a trading volume of 551,885 shares, compared to its average volume of 623,925. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 14.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company's fifty day moving average price is $19.10 and its 200 day moving average price is $17.96. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81.
Nomad Foods Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods's payout ratio is presently 45.03%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on NOMD shares. Barclays raised their price objective 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 raised their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Finally, StockNews.com raised shares of Nomad Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday.
View Our Latest Report on Nomad Foods
Nomad Foods Profile
(
Free Report)
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.
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