Fayez Sarofim & Co Purchases New Position in Nomad Foods Limited (NYSE:NOMD)

Fayez Sarofim & Co acquired a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $336,000.

Several other large investors also recently added to or reduced their stakes in NOMD. HighTower Advisors LLC purchased a new stake in shares of Nomad Foods in the 3rd quarter worth approximately $218,000. State Street Corp lifted its position in shares of Nomad Foods by 0.6% in the 3rd quarter. State Street Corp now owns 182,004 shares of the company's stock worth $3,469,000 after purchasing an additional 1,018 shares during the period. Barclays PLC lifted its position in shares of Nomad Foods by 53.7% in the 3rd quarter. Barclays PLC now owns 7,681 shares of the company's stock worth $146,000 after purchasing an additional 2,682 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of Nomad Foods in the 4th quarter worth approximately $264,000. Finally, Perpetual Ltd lifted its position in Nomad Foods by 64.9% during the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company's stock valued at $12,032,000 after acquiring an additional 282,175 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of analyst reports. Mizuho increased their target price 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 upped their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded up $0.02 during midday trading on Friday, reaching $19.36. The company's stock had a trading volume of 983,550 shares, compared to its average volume of 638,376. The firm has a market capitalization of $2.97 billion, a PE ratio of 14.56 and a beta of 0.83. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The stock has a fifty day moving average of $19.43 and a 200 day moving average of $18.03. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio (DPR) 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.