Systematic Financial Management LP Boosts Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Systematic Financial Management LP raised its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,267,098 shares of the company's stock after buying an additional 130,792 shares during the period. Systematic Financial Management LP owned about 0.78% of Nomad Foods worth $24,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NOMD. Blue Trust Inc. lifted its position in shares of Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock valued at $27,000 after purchasing an additional 934 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Nomad Foods during the second quarter valued at about $42,000. National Bank of Canada FI lifted its position in shares of Nomad Foods by 378.4% during the second quarter. National Bank of Canada FI now owns 2,775 shares of the company's stock valued at $46,000 after purchasing an additional 2,195 shares in the last quarter. Quarry LP lifted its position in shares of Nomad Foods by 366.5% during the second quarter. Quarry LP now owns 3,004 shares of the company's stock valued at $50,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock valued at $75,000 after purchasing an additional 804 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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 Stock Performance

NYSE NOMD traded up $0.16 during trading hours on Thursday, reaching $17.73. 555,903 shares of the company were exchanged, compared to its average volume of 617,621. Nomad Foods Limited has a 1 year low of $15.99 and a 1 year high of $20.05. The business's 50 day simple moving average is $17.70 and its 200-day simple moving average is $17.91. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.89 billion, a P/E ratio of 13.21 and a beta of 0.78.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.38%. Nomad Foods's payout ratio is 45.11%.

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.