Clean Yield Group Sells 188,519 Shares of Nomad Foods Limited (NYSE:NOMD)

Clean Yield Group lowered its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 53.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,119 shares of the company's stock after selling 188,519 shares during the period. Clean Yield Group owned about 0.10% of Nomad Foods worth $3,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC bought a new stake in shares of Nomad Foods during the 1st quarter valued at about $3,645,000. Swedbank AB bought a new position in Nomad Foods during the first quarter valued at approximately $10,425,000. Russell Investments Group Ltd. raised its stake in shares of Nomad Foods by 16.3% during the first quarter. Russell Investments Group Ltd. now owns 1,377,332 shares of the company's stock worth $26,941,000 after acquiring an additional 193,531 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Nomad Foods by 123.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company's stock worth $9,043,000 after acquiring an additional 302,913 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Nomad Foods in the 1st quarter valued at $1,398,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Up 0.3 %

NYSE NOMD traded up $0.05 during mid-day trading on Tuesday, reaching $18.08. The stock had a trading volume of 116,466 shares, compared to its average volume of 595,795. The stock has a market cap of $2.95 billion, a PE ratio of 15.03 and a beta of 0.78. Nomad Foods Limited has a 1 year low of $13.56 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. The company has a fifty day moving average price of $18.82 and a 200 day moving average price of $18.25.

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

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Friday, August 9th. Nomad Foods's payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays decreased their price objective on 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 cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nomad Foods from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, August 8th.

Nomad Foods 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.