Ancora Advisors LLC Raises Holdings in Nomad Foods Limited (NYSE:NOMD)

Ancora Advisors LLC increased its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 692,004 shares of the company's stock after acquiring an additional 93,474 shares during the quarter. Ancora Advisors LLC owned about 0.42% of Nomad Foods worth $11,612,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NOMD. Jane Street Group LLC increased its position in Nomad Foods by 285.1% during the fourth quarter. Jane Street Group LLC now owns 50,489 shares of the company's stock valued at $847,000 after acquiring an additional 37,377 shares during the last quarter. Quarry LP increased its stake in Nomad Foods by 964.8% in the fourth quarter. Quarry LP now owns 8,646 shares of the company's stock worth $145,000 after purchasing an additional 7,834 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Nomad Foods during the fourth quarter worth $62,000. Boothbay Fund Management LLC purchased a new stake in shares of Nomad Foods during the fourth quarter valued at $181,000. Finally, Penn Capital Management Company LLC increased its stake in Nomad Foods by 10.1% in the 4th quarter. Penn Capital Management Company LLC now owns 30,904 shares of the company's stock worth $519,000 after buying an additional 2,835 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NOMD has been the topic of several research analyst reports. StockNews.com cut Nomad Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 25th. Barclays upped their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, Mizuho lifted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th.

Nomad Foods Price Performance

NYSE NOMD traded down $0.53 during trading hours on Wednesday, hitting $19.08. 2,482,627 shares of the company's stock traded hands, compared to its average volume of 651,477. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company has a market capitalization of $2.93 billion, a PE ratio of 14.34 and a beta of 0.81. The firm's 50-day moving average is $19.58 and its 200-day moving average is $18.12.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.03%.

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.