PharVision Advisers LLC Invests $614,000 in Nomad Foods Limited (NYSE:NOMD)

PharVision Advisers LLC bought a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 36,614 shares of the company's stock, valued at approximately $614,000. Nomad Foods accounts for 0.5% of PharVision Advisers LLC's holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Advisory Inc. increased its position in shares of Nomad Foods by 5.2% during the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock worth $140,552,000 after acquiring an additional 410,455 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Nomad Foods by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock valued at $129,346,000 after purchasing an additional 187,146 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Nomad Foods by 2.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock valued at $70,077,000 after purchasing an additional 86,897 shares during the last quarter. River Road Asset Management LLC increased its holdings in Nomad Foods by 0.6% during the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after purchasing an additional 24,775 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock worth $38,968,000 after purchasing an additional 253,086 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

Nomad Foods Stock Performance

Shares of NYSE NOMD traded down $0.06 during midday trading on Monday, reaching $17.60. The company's stock had a trading volume of 716,440 shares, compared to its average volume of 668,301. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The stock has a market capitalization of $2.70 billion, a P/E ratio of 13.23 and a beta of 0.81. The firm has a 50 day moving average price of $19.15 and a 200-day moving average price of $18.19. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $822.31 million for the quarter, compared to analysts' expectations 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 period in the prior year, the business earned $0.37 earnings per share. As a group, equities analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders 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 dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.33%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays raised their price objective on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, Mizuho upped their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note 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.