Nomad Foods Limited (NYSE:NOMD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,043,855 shares of the company's stock after selling 29,211 shares during the quarter. Allspring Global Investments Holdings LLC owned about 4.32% of Nomad Foods worth $134,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NOMD. Boston Partners lifted its position in Nomad Foods by 18.8% during the 1st quarter. Boston Partners now owns 8,563,043 shares of the company's stock worth $167,241,000 after acquiring an additional 1,356,159 shares during the period. Vanguard Group Inc. raised its stake in shares of Nomad Foods by 628.5% during the 1st quarter. Vanguard Group Inc. now owns 889,467 shares of the company's stock worth $17,398,000 after buying an additional 767,366 shares in the last quarter. Swedbank AB purchased a new position in shares of Nomad Foods during the 1st quarter worth approximately $10,425,000. Renaissance Technologies LLC raised its stake in shares of Nomad Foods by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company's stock worth $68,881,000 after buying an additional 320,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Nomad Foods by 123.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company's stock worth $9,043,000 after buying an additional 302,913 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NOMD shares. Deutsche Bank Aktiengesellschaft increased their target price on Nomad Foods from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. StockNews.com downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Barclays cut their target price on Nomad Foods from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, July 19th.

Nomad Foods Price Performance

NYSE NOMD traded up $0.07 during mid-day trading on Friday, hitting $18.01. The stock had a trading volume of 291,584 shares, compared to its average volume of 588,824. Nomad Foods Limited has a 52-week low of $13.56 and a 52-week high of $20.05. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 15.01 and a beta of 0.78. The company has a 50 day simple moving average of $18.65 and a 200 day simple moving average of $18.14. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The firm had revenue of $810.64 million during the quarter, compared to the consensus estimate of $822.21 million. Equities analysts forecast that Nomad Foods Limited will post 1.96 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Friday, August 9th. Nomad Foods's dividend payout ratio (DPR) is presently 50.00%.

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.