Envestnet Asset Management Inc. Has $4.25 Million Position in Nomad Foods Limited (NYSE:NOMD)

Envestnet Asset Management Inc. lessened its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,112 shares of the company's stock after selling 15,227 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Nomad Foods worth $4,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. grew its position in shares of Nomad Foods by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock valued at $129,346,000 after acquiring an additional 187,146 shares during the period. River Road Asset Management LLC grew its position in shares of Nomad Foods by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock valued at $67,866,000 after acquiring an additional 24,775 shares during the period. Victory Capital Management Inc. grew its position in shares of Nomad Foods by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after acquiring an additional 253,086 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Nomad Foods by 17.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company's stock valued at $28,007,000 after acquiring an additional 250,600 shares during the period. Finally, Norges Bank bought a new position in shares of Nomad Foods in the 4th quarter valued at about $27,386,000. Institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of Nomad Foods stock traded up $0.15 on Tuesday, hitting $19.57. The stock had a trading volume of 692,672 shares, compared to its average volume of 638,775. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The business's 50 day moving average is $19.48 and its two-hundred day moving average is $18.05. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 14.71 and a beta of 0.83.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a $0.17 dividend. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.68 annualized dividend and a dividend yield of 3.47%. Nomad Foods's dividend payout ratio is presently 45.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NOMD shares. Mizuho lifted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Nomad Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Barclays increased 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.

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.