Corton Capital Inc. Buys Shares of 16,820 Nomad Foods Limited (NYSE:NOMD)

Corton Capital Inc. purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 16,820 shares of the company's stock, valued at approximately $282,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Nomad Foods by 70.6% in the fourth 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 in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Nomad Foods in the fourth quarter worth $62,000. Parkside Financial Bank & Trust boosted its holdings in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after acquiring an additional 670 shares during the period. Headlands Technologies LLC bought a new stake in Nomad Foods during the fourth quarter valued at $76,000. Finally, R Squared Ltd bought a new stake in Nomad Foods during the fourth quarter valued at $83,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NOMD shares. Mizuho lifted their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Barclays lifted their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday.

Nomad Foods Stock Down 0.5%

Shares of NOMD stock traded down $0.09 during midday trading on Monday, reaching $18.69. 400,412 shares of the stock were exchanged, compared to its average volume of 645,274. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The company's 50 day moving average is $19.55 and its two-hundred day moving average is $18.16. 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 firm has a market cap of $2.87 billion, a PE ratio of 14.05 and a beta of 0.81.

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

Nomad Foods Dividend Announcement

The business also recently announced 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. 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 3.64%. Nomad Foods's dividend payout ratio is currently 45.03%.

Nomad Foods Company 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.