277,250 Shares in Nomad Foods Limited $NOMD Purchased by Prospector Partners LLC

Key Points

• Prospector Partners LLC acquired 277,250 shares of Nomad Foods Limited for approximately $5.45 million, representing 0.18% ownership as per their latest SEC filing.
• Nomad Foods reported earnings of $0.45 EPS, exceeding the consensus estimate of $0.44, alongside a quarterly revenue of $879.27 million.
• The company declared a quarterly dividend of $0.17 per share with a yield of 4.5%, payable on August 26th.

Prospector Partners LLC acquired a new position in Nomad Foods Limited (NYSE:NOMD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 277,250 shares of the company's stock, valued at approximately $5,448,000. Prospector Partners LLC owned 0.18% of Nomad Foods as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NOMD. Boston Partners grew its position in shares of Nomad Foods by 11.1% during the 1st quarter. Boston Partners now owns 10,209,283 shares of the company's stock worth $200,615,000 after buying an additional 1,019,957 shares during the period. Vident Advisory LLC acquired a new position in shares of Nomad Foods in the 4th quarter valued at approximately $9,003,000. Brown Advisory Inc. grew its position in shares of Nomad Foods by 5.2% in the 4th quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock valued at $140,552,000 after purchasing an additional 410,455 shares during the period. Victory Capital Management Inc. grew its position in shares of Nomad Foods by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,724,866 shares of the company's stock valued at $53,544,000 after purchasing an additional 402,599 shares during the period. Finally, Congress Asset Management Co. acquired a new position in shares of Nomad Foods in the 1st quarter valued at approximately $7,383,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Price Performance

Shares of NOMD stock opened at $15.02 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a twelve month low of $14.72 and a twelve month high of $20.81. The company has a market cap of $2.30 billion, a P/E ratio of 10.29 and a beta of 0.72. The business has a fifty day simple moving average of $17.00 and a 200 day simple moving average of $18.20.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $879.27 million during the quarter, compared to the consensus estimate of $762.81 million. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, sell-side analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, August 11th. Nomad Foods's dividend payout ratio (DPR) is 46.58%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Mizuho cut their target price on Nomad Foods from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Barclays dropped their price objective on Nomad Foods from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Finally, Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

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.

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