Swedbank AB Has $5.09 Million Stake in Nomad Foods Limited (NYSE:NOMD)

Swedbank AB cut its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 43.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 267,000 shares of the company's stock after selling 202,000 shares during the period. Swedbank AB owned approximately 0.16% of Nomad Foods worth $5,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Nomad Foods by 133.2% during the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock worth $27,000 after acquiring an additional 934 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Nomad Foods during the second quarter valued at approximately $42,000. National Bank of Canada FI grew its position in shares of Nomad Foods by 378.4% in the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company's stock worth $46,000 after acquiring an additional 2,195 shares in the last quarter. Quarry LP raised its position in shares of Nomad Foods by 366.5% during the 2nd quarter. Quarry LP now owns 3,004 shares of the company's stock valued at $50,000 after acquiring an additional 2,360 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock worth $75,000 after purchasing an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of NOMD stock traded up $0.13 during trading hours on Thursday, reaching $18.09. The stock had a trading volume of 736,163 shares, compared to its average volume of 614,970. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The firm has a 50-day simple moving average of $17.84 and a 200-day simple moving average of $17.93. The firm has a market capitalization of $2.95 billion, a PE ratio of 13.60 and a beta of 0.79. Nomad Foods Limited has a twelve month low of $15.76 and a twelve month high of $20.05.

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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, November 8th. Nomad Foods's dividend payout ratio (DPR) is currently 45.11%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NOMD shares. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, November 4th.

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.