Renaissance Technologies LLC Sells 157,700 Shares of Nomad Foods Limited (NYSE:NOMD)

Renaissance Technologies LLC cut its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,657,879 shares of the company's stock after selling 157,700 shares during the quarter. Renaissance Technologies LLC owned 2.24% of Nomad Foods worth $61,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOMD. Nomura Asset Management Co. Ltd. grew its holdings in shares of Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Nomad Foods by 70.6% in 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. Parkside Financial Bank & Trust grew its position in Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after acquiring an additional 670 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Nomad Foods during the 4th quarter valued at $76,000. Finally, R Squared Ltd acquired a new position in Nomad Foods in the fourth quarter worth $83,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Trading Up 0.2 %

Shares of Nomad Foods stock traded up $0.03 on Tuesday, hitting $19.43. 160,560 shares of the company's stock traded hands, compared to its average volume of 622,519. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The stock has a market capitalization of $2.98 billion, a PE ratio of 14.61 and a beta of 0.83. The firm's 50-day moving average price is $19.14 and its two-hundred day moving average price is $17.95.

Remove Ads

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.17 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.50%. Nomad Foods's dividend payout ratio (DPR) is 45.03%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com upgraded Nomad Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday. Mizuho increased their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Finally, Barclays boosted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd.

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.