Nomad Foods Limited (NYSE:NOMD) Holdings Boosted by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 212.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,300 shares of the company's stock after purchasing an additional 97,395 shares during the quarter. ExodusPoint Capital Management LP owned about 0.09% of Nomad Foods worth $2,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Nomad Foods in the 4th quarter worth $76,000. Alliancebernstein L.P. lifted its stake in shares of Nomad Foods by 2.5% in the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock worth $129,346,000 after acquiring an additional 187,146 shares in the last quarter. Norges Bank purchased a new position in Nomad Foods in the fourth quarter valued at about $27,386,000. Loomis Sayles & Co. L P boosted its holdings in Nomad Foods by 17.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company's stock valued at $28,007,000 after purchasing an additional 250,600 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Nomad Foods during the 4th quarter valued at approximately $215,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Performance

NYSE:NOMD traded up $0.22 during trading hours on Friday, reaching $19.10. 551,885 shares of the stock were exchanged, compared to its average volume of 623,925. The stock has a market capitalization of $2.93 billion, a P/E ratio of 14.36 and a beta of 0.83. The firm has a 50 day simple moving average of $19.10 and a 200-day simple moving average of $17.96. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.81.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, February 10th. This is a boost from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.56%. Nomad Foods's dividend payout ratio (DPR) is 45.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com raised Nomad Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday. 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. Finally, Mizuho raised their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th.

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.