Seizert Capital Partners LLC raised its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,630 shares of the company's stock after purchasing an additional 31,466 shares during the quarter. Seizert Capital Partners LLC owned 0.19% of Nomad Foods worth $5,061,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. River Road Asset Management LLC increased its stake in shares of Nomad Foods by 2.9% in the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company's stock worth $76,615,000 after buying an additional 114,750 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Nomad Foods by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after purchasing an additional 253,086 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Nomad Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company's stock worth $36,345,000 after purchasing an additional 39,739 shares during the last quarter. Townsend & Associates Inc grew its stake in Nomad Foods by 3.2% in the fourth quarter. Townsend & Associates Inc now owns 1,589,052 shares of the company's stock worth $26,807,000 after purchasing an additional 49,321 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in Nomad Foods by 6.4% in the third quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company's stock valued at $29,213,000 after buying an additional 92,844 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on NOMD. Mizuho increased their target price on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, Barclays increased their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd.
Read Our Latest Stock Analysis on NOMD
Nomad Foods Stock Performance
Shares of NYSE NOMD traded down $0.07 during mid-day trading on Friday, hitting $20.36. The company had a trading volume of 1,226,480 shares, compared to its average volume of 593,792. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 15.31 and a beta of 0.77. The firm's 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $17.87. 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 12 month low of $15.43 and a 12 month high of $20.81.
Nomad Foods Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.17 dividend. This is a boost from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.34%. The ex-dividend date was Monday, February 10th. Nomad Foods's dividend payout ratio (DPR) is currently 45.03%.
About Nomad Foods
(
Free Report)
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.
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