Thompson Siegel & Walmsley LLC Raises Stake in Nomad Foods Limited (NYSE:NOMD)

Thompson Siegel & Walmsley LLC increased its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 62.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 759,984 shares of the company's stock after purchasing an additional 291,258 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.47% of Nomad Foods worth $12,753,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. lifted its stake in Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,448 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after acquiring an additional 670 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock worth $75,000 after acquiring an additional 804 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Nomad Foods in the 4th quarter worth $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

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Analysts Set New Price Targets

NOMD has been the subject of several analyst reports. StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Barclays increased their price target on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Finally, Mizuho raised their target price on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded down $0.18 during mid-day trading on Tuesday, reaching $19.66. The company had a trading volume of 476,928 shares, compared to its average volume of 596,131. The company's 50-day moving average price is $18.05 and its 200-day moving average price is $17.92. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 14.78 and a beta of 0.77. 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 declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.17 per share. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. Nomad Foods's dividend payout ratio is presently 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.