Sound Income Strategies LLC Purchases Shares of 164,860 Nomad Foods Limited (NYSE:NOMD)

Sound Income Strategies LLC acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 164,860 shares of the company's stock, valued at approximately $2,766,000. Sound Income Strategies LLC owned 0.10% of Nomad Foods as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Townsend & Associates Inc grew its holdings in Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company's stock worth $26,976,000 after purchasing an additional 53,694 shares during the period. Systematic Financial Management LP grew its stake in Nomad Foods by 11.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company's stock valued at $24,151,000 after purchasing an additional 130,792 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Nomad Foods during the 3rd quarter valued at $218,000. Loomis Sayles & Co. L P raised its stake in shares of Nomad Foods by 25.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company's stock worth $27,036,000 after purchasing an additional 289,090 shares during the period. Finally, Barclays PLC raised its stake in shares of Nomad Foods by 53.7% during the 3rd quarter. Barclays PLC now owns 7,681 shares of the company's stock worth $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

Shares of NYSE NOMD traded down $0.08 during mid-day trading on Friday, hitting $16.50. The company had a trading volume of 362,492 shares, compared to its average volume of 543,850. 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 Limited has a 1 year low of $15.43 and a 1 year high of $20.05. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.40 and a beta of 0.79. The stock's 50-day moving average price is $17.04 and its 200-day moving average price is $17.81.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, November 8th. Nomad Foods's payout ratio is presently 45.11%.

Analysts Set New Price Targets

Several brokerages have commented on NOMD. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Mizuho dropped their price objective on Nomad Foods from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. 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 report on Monday, November 4th. Finally, Barclays dropped their price target on Nomad Foods from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th.

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.