PDT Partners LLC Has $2.74 Million Stake in Nomad Foods Limited (NYSE:NOMD)

PDT Partners LLC increased its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 25.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,851 shares of the company's stock after buying an additional 28,796 shares during the period. PDT Partners LLC owned about 0.09% of Nomad Foods worth $2,742,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock worth $27,000 after purchasing an additional 934 shares during the period. 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 holdings 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 period. Quarry LP lifted its holdings 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 period. Finally, Avior Wealth Management LLC lifted its holdings in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock valued at $75,000 after acquiring an additional 804 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Trading Up 1.2 %

Shares of NYSE:NOMD traded up $0.22 during trading on Friday, reaching $18.31. 532,819 shares of the stock were exchanged, compared to its average volume of 974,331. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 12-month low of $15.76 and a 12-month high of $20.05. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 13.77 and a beta of 0.79. The firm's 50-day moving average price is $17.77 and its 200 day moving average price is $17.92.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Friday, November 8th. Nomad Foods's payout ratio is 45.11%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft cut their price target on Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, November 4th.

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.