41,721 Shares in Nomad Foods Limited (NYSE:NOMD) Acquired by Formidable Asset Management LLC

Formidable Asset Management LLC bought a new position in Nomad Foods Limited (NYSE:NOMD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 41,721 shares of the company's stock, valued at approximately $700,000.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Nomad Foods in the 4th quarter worth about $763,000. PharVision Advisers LLC bought a new stake in shares of Nomad Foods during the fourth quarter valued at approximately $614,000. Voloridge Investment Management LLC boosted its holdings in shares of Nomad Foods by 14.4% in the fourth quarter. Voloridge Investment Management LLC now owns 524,105 shares of the company's stock valued at $8,794,000 after purchasing an additional 66,013 shares during the period. Vident Advisory LLC purchased a new position in Nomad Foods during the 4th quarter worth $9,003,000. Finally, Squarepoint Ops LLC bought a new position in shares of Nomad Foods during the 4th quarter worth $811,000. Institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Down 0.4%

Nomad Foods stock traded down $0.08 during midday trading on Friday, reaching $17.40. The company's stock had a trading volume of 229,377 shares, compared to its average volume of 670,309. 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 $2.67 billion, a P/E ratio of 13.08 and a beta of 0.81. The stock's 50-day simple moving average is $18.99 and its 200-day simple moving average is $18.19. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81.

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

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's payout ratio is 45.33%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NOMD. Mizuho increased their target price 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. Barclays lifted their price objective 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, Wall Street Zen lowered Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

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.