VELA Investment Management LLC raised its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 206.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,000 shares of the company's stock after acquiring an additional 31,000 shares during the quarter. VELA Investment Management LLC's holdings in Nomad Foods were worth $772,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. River Road Asset Management LLC raised its stake in shares of Nomad Foods by 2.9% in the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company's stock worth $76,615,000 after purchasing an additional 114,750 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Nomad Foods by 0.9% in the third quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company's stock valued at $39,439,000 after acquiring an additional 18,189 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Nomad Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company's stock valued at $36,345,000 after acquiring an additional 39,739 shares during the last quarter. Townsend & Associates Inc lifted its holdings in Nomad Foods by 3.2% during the fourth quarter. Townsend & Associates Inc now owns 1,589,052 shares of the company's stock worth $26,807,000 after acquiring an additional 49,321 shares during the period. Finally, Invenomic Capital Management LP raised its stake in shares of Nomad Foods by 6.4% during the 3rd quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company's stock worth $29,213,000 after purchasing an additional 92,844 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.
Analyst Ratings Changes
NOMD has been the subject of a number of research reports. 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 reduced their target price on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Barclays lifted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Mizuho lifted their price target on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday.
Get Our Latest Stock Analysis on NOMD
Nomad Foods Price Performance
Shares of NOMD traded up $0.46 during mid-day trading on Tuesday, reaching $20.30. 1,296,000 shares of the stock traded hands, compared to its average volume of 587,354. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.67. The firm has a fifty day moving average price of $17.37 and a 200 day moving average price of $17.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 15.28 and a beta of 0.79.
Nomad Foods Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.17 per share. This is a positive change 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 3.35%. Nomad Foods's payout ratio is presently 51.13%.
Nomad Foods Profile
(
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.
Further Reading
Before you consider Nomad Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nomad Foods wasn't on the list.
While Nomad Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
