Inspire Investing LLC Invests $830,000 in Nomad Foods Limited (NYSE:NOMD)

Inspire Investing LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 43,565 shares of the company's stock, valued at approximately $830,000.

Several other hedge funds have also recently bought and sold shares of the stock. Perpetual Ltd increased its holdings in Nomad Foods by 2.6% during the 3rd quarter. Perpetual Ltd now owns 434,880 shares of the company's stock worth $8,289,000 after purchasing an additional 11,206 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Nomad Foods by 21.1% during the third quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company's stock worth $776,000 after buying an additional 7,100 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Nomad Foods in the 2nd quarter valued at approximately $1,195,000. Aristides Capital LLC acquired a new stake in Nomad Foods in the 2nd quarter valued at approximately $231,000. Finally, Point72 Asset Management L.P. lifted its stake in Nomad Foods by 424.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 33,055 shares of the company's stock valued at $545,000 after acquiring an additional 26,755 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOMD has been the subject of several research reports. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, October 9th. Barclays decreased their target price on shares of Nomad Foods from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nomad Foods from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th.

Nomad Foods Stock Down 0.5 %

Shares of NYSE NOMD traded down $0.09 during trading hours on Tuesday, hitting $17.57. The company had a trading volume of 321,556 shares, compared to its average volume of 592,150. Nomad Foods Limited has a 1-year low of $13.56 and a 1-year high of $20.05. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The firm's 50 day moving average is $18.70 and its 200-day moving average is $18.17. The stock has a market capitalization of $2.86 billion, a P/E ratio of 14.64 and a beta of 0.78.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The firm had revenue of $810.64 million during 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, analysts expect that Nomad Foods Limited will post 1.96 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Friday, August 9th. Nomad Foods's dividend payout ratio (DPR) is presently 50.00%.

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.