Nomad Foods Limited (NYSE:NOMD) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,906,862 shares of the company's stock after acquiring an additional 39,739 shares during the quarter. Wellington Management Group LLP owned about 1.17% of Nomad Foods worth $36,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock worth $27,000 after buying an additional 934 shares during the last quarter. Headlands Technologies LLC purchased a new position in Nomad Foods during the second quarter valued at approximately $42,000. National Bank of Canada FI lifted its holdings in 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 raised 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 buying an additional 2,360 shares during the last quarter. Finally, Avior Wealth Management LLC raised 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 buying an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

NYSE:NOMD traded up $0.18 during mid-day trading on Friday, hitting $17.92. The company's stock had a trading volume of 197,604 shares, compared to its average volume of 621,637. The business's fifty day moving average is $17.56 and its two-hundred day moving average is $17.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a 1 year low of $15.99 and a 1 year high of $20.05. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 13.35 and a beta of 0.78.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.35%. Nomad Foods's payout ratio is 45.11%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th.

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.