Polaris Capital Management LLC Decreases Stock Position in Nomad Foods Limited (NYSE:NOMD)

Polaris Capital Management LLC lowered its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,661,800 shares of the company's stock after selling 476,400 shares during the quarter. Nomad Foods makes up approximately 2.2% of Polaris Capital Management LLC's holdings, making the stock its 10th biggest position. Polaris Capital Management LLC owned about 1.63% of Nomad Foods worth $44,665,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NOMD. Nomura Asset Management Co. Ltd. boosted its stake in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock worth $40,000 after acquiring an additional 800 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after acquiring an additional 1,448 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock worth $75,000 after acquiring an additional 804 shares in the last quarter. R Squared Ltd bought a new stake in shares of Nomad Foods during the 4th quarter worth about $83,000. Finally, Barclays PLC boosted its stake in Nomad Foods by 53.7% during the 3rd quarter. Barclays PLC now owns 7,681 shares of the company's stock valued at $146,000 after purchasing an additional 2,682 shares during the period. Institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

Nomad Foods stock traded down $0.40 during trading hours on Friday, hitting $17.90. The stock had a trading volume of 212,448 shares, compared to its average volume of 585,611. The company has a 50-day moving average of $17.04 and a two-hundred day moving average of $17.81. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.92 billion, a PE ratio of 13.48 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.

Nomad Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be issued a $0.17 dividend. This is a boost from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.68 annualized dividend and a yield of 3.80%. Nomad Foods's dividend payout ratio is 45.11%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased 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 decreased their target price on Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. Barclays cut their price target on Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th.

Nomad Foods Company 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.