Vanguard Group Inc. Purchases 33,058 Shares of Nomad Foods Limited (NYSE:NOMD)

Vanguard Group Inc. boosted its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 933,883 shares of the company's stock after buying an additional 33,058 shares during the period. Vanguard Group Inc. owned approximately 0.57% of Nomad Foods worth $15,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HighTower Advisors LLC bought a new position in shares of Nomad Foods in the third quarter valued at approximately $218,000. State Street Corp boosted its stake in Nomad Foods by 0.6% during the third quarter. State Street Corp now owns 182,004 shares of the company's stock valued at $3,469,000 after buying an additional 1,018 shares during the period. XTX Topco Ltd purchased a new stake in shares of Nomad Foods in the 3rd quarter valued at about $219,000. Barclays PLC grew its holdings in shares of Nomad Foods by 53.7% during the third quarter. Barclays PLC now owns 7,681 shares of the company's stock worth $146,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in shares of Nomad Foods in the fourth quarter worth approximately $264,000. Institutional investors own 75.26% of the company's stock.

Nomad Foods Trading Up 0.2 %

NYSE:NOMD traded up $0.04 during trading hours on Monday, reaching $19.66. The company's stock had a trading volume of 697,034 shares, compared to its average volume of 631,831. The firm has a 50-day simple moving average of $19.28 and a 200-day simple moving average of $17.97. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 14.78 and a beta of 0.83.

Nomad Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's payout ratio is 45.03%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NOMD shares. Barclays lifted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. StockNews.com upgraded Nomad Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Mizuho raised their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th.

Nomad Foods 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.