Townsend & Associates Inc raised its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,539,731 shares of the company's stock after acquiring an additional 53,694 shares during the quarter. Nomad Foods makes up 2.7% of Townsend & Associates Inc's portfolio, making the stock its 10th largest holding. Townsend & Associates Inc owned 0.94% of Nomad Foods worth $26,976,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock worth $27,000 after acquiring an additional 934 shares during the last quarter. Headlands Technologies LLC bought a new stake in Nomad Foods during the 2nd quarter valued at $42,000. National Bank of Canada FI grew its holdings in Nomad Foods by 378.4% during 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 increased its position in 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 purchasing an additional 2,360 shares during the period. Finally, nVerses Capital LLC purchased a new position in Nomad Foods during the second quarter valued at approximately $120,000. 75.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on the company. StockNews.com downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 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 decreased their price target on shares of Nomad Foods from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, July 19th.
View Our Latest Stock Report on Nomad Foods
Nomad Foods Stock Up 0.6 %
NOMD stock traded up $0.10 during trading on Friday, hitting $17.45. 529,186 shares of the company's stock were exchanged, compared to its average volume of 399,340. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.93 and a beta of 0.79. Nomad Foods Limited has a 52-week low of $14.54 and a 52-week high of $20.05. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $18.39 and a two-hundred day moving average price of $18.04.
Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $810.64 million during the quarter, compared to the consensus estimate of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. As a group, equities research analysts expect that Nomad Foods Limited will post 1.93 EPS for the current year.
Nomad Foods Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Friday, November 8th. Nomad Foods's dividend payout ratio (DPR) is 44.44%.
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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