Nomad Foods Limited (NYSE:NOMD) Position Reduced by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 45.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,555 shares of the company's stock after selling 94,063 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.07% of Nomad Foods worth $1,872,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in shares of Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after buying an additional 670 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Nomad Foods by 3.3% in the fourth quarter. Legal & General Group Plc now owns 25,392 shares of the company's stock valued at $426,000 after purchasing an additional 800 shares in the last quarter. State Street Corp grew its position in shares of Nomad Foods by 0.6% in the third quarter. State Street Corp now owns 182,004 shares of the company's stock valued at $3,469,000 after purchasing an additional 1,018 shares during the last quarter. Blue Trust Inc. increased 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 purchasing an additional 1,448 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Nomad Foods by 5.2% during the 4th quarter. Handelsbanken Fonder AB now owns 42,800 shares of the company's stock worth $718,000 after purchasing an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Down 1.7 %

Nomad Foods stock traded down $0.33 during midday trading on Thursday, hitting $19.32. 399,560 shares of the company were exchanged, compared to its average volume of 666,507. The company has a market cap of $2.96 billion, a PE ratio of 14.53 and a beta of 0.83. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company's fifty day moving average price is $19.37 and its 200-day moving average price is $18.01. 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 Increases Dividend

The company also recently disclosed 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 of this dividend was Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a yield of 3.52%. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's payout ratio is currently 45.03%.

Wall Street Analyst Weigh In

NOMD has been the topic of several analyst reports. Barclays raised their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Mizuho raised their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, StockNews.com raised Nomad Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 11th.

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.