Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Nomad Foods (NYSE:NOMD) Stock Price

Nomad Foods (NYSE:NOMD - Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from $25.00 to $23.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Barclays cut their target price on shares of Nomad Foods from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, July 19th. StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Friday, October 25th.

Nomad Foods Price Performance

Nomad Foods stock traded up $0.05 during trading hours on Monday, hitting $17.68. 807,183 shares of the stock were exchanged, compared to its average volume of 578,948. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. The stock has a market capitalization of $2.88 billion, a P/E ratio of 13.05 and a beta of 0.79. Nomad Foods has a 12 month low of $14.19 and a 12 month high of $20.05. The business's 50-day moving average is $18.50 and its two-hundred day moving average is $18.07.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. The company had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. Equities research analysts expect that Nomad Foods will post 1.96 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, November 8th. Nomad Foods's dividend payout ratio (DPR) is currently 44.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NOMD. Blue Trust Inc. grew its position in Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock valued at $27,000 after purchasing an additional 934 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Nomad Foods in the second quarter valued at $42,000. National Bank of Canada FI lifted its stake in Nomad Foods by 378.4% in the second quarter. National Bank of Canada FI now owns 2,775 shares of the company's stock valued at $46,000 after acquiring an additional 2,195 shares during the last quarter. Quarry LP lifted its stake in Nomad Foods by 366.5% in the second quarter. Quarry LP now owns 3,004 shares of the company's stock valued at $50,000 after acquiring an additional 2,360 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Nomad Foods in the second quarter valued at $120,000. Institutional investors own 75.26% of the company's stock.

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.