Nomad Foods Limited (NYSE:NOMD) Shares Purchased by Perpetual Ltd

Perpetual Ltd increased its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 717,055 shares of the company's stock after purchasing an additional 282,175 shares during the period. Perpetual Ltd owned 0.44% of Nomad Foods worth $12,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock valued at $40,000 after buying an additional 800 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of 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 in the last quarter. Custom Index Systems LLC increased its stake in shares of Nomad Foods by 4.7% during the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company's stock worth $359,000 after acquiring an additional 847 shares during the period. State Street Corp raised its holdings in Nomad Foods by 0.6% during the third quarter. State Street Corp now owns 182,004 shares of the company's stock worth $3,469,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Nomad Foods by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company's stock valued at $3,864,000 after purchasing an additional 1,450 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Trading Down 0.8 %

NYSE:NOMD traded down $0.13 on Tuesday, hitting $16.84. 386,429 shares of the stock were exchanged, compared to its average volume of 582,219. The stock has a market cap of $2.74 billion, a PE ratio of 12.66 and a beta of 0.79. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.05. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average of $17.03 and a 200-day moving average of $17.82.

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.56%. Nomad Foods's payout ratio is 45.11%.

Wall Street Analysts Forecast Growth

NOMD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their target price 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. Mizuho dropped their target price on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Barclays dropped their price objective on Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday.

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.