Royce & Associates LP Sells 534,749 Shares of Nomad Foods Limited (NYSE:NOMD)

Royce & Associates LP lowered its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 52.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 486,865 shares of the company's stock after selling 534,749 shares during the quarter. Royce & Associates LP owned about 0.30% of Nomad Foods worth $8,170,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Nomad Foods in the 4th quarter valued at approximately $11,967,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Nomad Foods by 62.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock valued at $12,753,000 after purchasing an additional 291,258 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Nomad Foods by 25.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company's stock valued at $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Perpetual Ltd lifted its position in Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company's stock worth $12,032,000 after purchasing an additional 282,175 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock worth $38,968,000 after buying an additional 253,086 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NOMD. Mizuho increased their price objective 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. Barclays increased their price target 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.

Nomad Foods Price Performance

Shares of Nomad Foods stock traded down $0.20 during mid-day trading on Friday, reaching $19.35. 814,949 shares of the stock were exchanged, compared to its average volume of 597,137. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 14.55 and a beta of 0.77. The firm has a 50-day simple moving average of $18.33 and a 200 day simple moving average of $17.96. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid 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 dividend yield of 3.51%. This is a boost from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's payout ratio is 45.03%.

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.