D. E. Shaw & Co. Inc. Decreases Holdings in Nomad Foods Limited (NYSE:NOMD)

D. E. Shaw & Co. Inc. decreased its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,509 shares of the company's stock after selling 53,331 shares during the period. D. E. Shaw & Co. Inc. owned about 0.20% of Nomad Foods worth $5,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOMD. Blue Trust Inc. lifted its stake in shares of Nomad Foods by 70.6% in the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after purchasing an additional 1,448 shares during the period. Johnson Financial Group Inc. purchased a new position in Nomad Foods during the fourth quarter valued at $62,000. Parkside Financial Bank & Trust increased its position in 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 buying an additional 670 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Nomad Foods during the 4th quarter valued at approximately $76,000. Finally, R Squared Ltd purchased a new position in Nomad Foods in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

NOMD has been the subject of several research analyst reports. Wall Street Zen cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Mizuho upped their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, Barclays increased their target price on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd.

Nomad Foods Trading Down 1.0%

NOMD stock traded down $0.18 during mid-day trading on Thursday, reaching $17.72. 140,397 shares of the stock traded hands, compared to its average volume of 661,005. The stock has a market capitalization of $2.72 billion, a PE ratio of 13.33 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. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The business has a 50-day moving average price of $19.24 and a two-hundred day moving average price of $18.18.

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

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's payout ratio is currently 45.33%.

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.