36,614 Shares in Nomad Foods Limited (NYSE:NOMD) Purchased by PharVision Advisers LLC

PharVision Advisers LLC acquired a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,614 shares of the company's stock, valued at approximately $614,000. Nomad Foods comprises about 0.5% of PharVision Advisers LLC's portfolio, making the stock its 24th largest position.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,448 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Nomad Foods in the 4th quarter valued at about $62,000. Parkside Financial Bank & Trust grew its stake in shares of Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after buying an additional 670 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Nomad Foods during the 4th quarter worth approximately $76,000. Finally, R Squared Ltd acquired a new stake in shares of Nomad Foods during the 4th quarter worth approximately $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Analyst Ratings Changes

NOMD has been the subject of several analyst reports. Barclays increased their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Mizuho increased their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Nomad Foods Stock Performance

NYSE:NOMD opened at $18.01 on Wednesday. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a 50 day moving average price of $19.27 and a 200 day moving average price of $18.18. The stock has a market capitalization of $2.76 billion, a P/E ratio of 13.54 and a beta of 0.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $822.31 million for the quarter, compared to analysts' expectations of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The company's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. Equities research analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.78%. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

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.

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