Expect Equity LLC Purchases Shares of 115,260 Nomad Foods Limited (NYSE:NOMD)

Expect Equity LLC purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 115,260 shares of the company's stock, valued at approximately $1,934,000. Nomad Foods accounts for approximately 2.0% of Expect Equity LLC's portfolio, making the stock its 26th biggest holding. Expect Equity LLC owned about 0.07% of Nomad Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Nomad Foods by 70.6% in 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 during the last quarter. Johnson Financial Group Inc. acquired a new stake in Nomad Foods in the 4th quarter valued at about $62,000. Parkside Financial Bank & Trust lifted its holdings in Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after acquiring an additional 670 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Nomad Foods in the 4th quarter valued at about $76,000. Finally, R Squared Ltd acquired a new stake in Nomad Foods in the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOMD. StockNews.com downgraded shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Mizuho upped their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Finally, Barclays upped their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd.

Nomad Foods Stock Down 2.8%

Shares of NOMD traded down $0.51 during trading hours on Wednesday, hitting $17.89. 883,999 shares of the company were exchanged, compared to its average volume of 750,804. The company has a market cap of $2.74 billion, a PE ratio of 13.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The firm's 50 day moving average is $19.47 and its 200-day moving average is $18.17. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $822.31 million for the quarter, compared to the consensus estimate of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. On average, equities research analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.80%. Nomad Foods's payout ratio is currently 45.33%.

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.