BNP Paribas Financial Markets Decreases Holdings in Nomad Foods Limited (NYSE:NOMD)

BNP Paribas Financial Markets reduced its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 88.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,492 shares of the company's stock after selling 79,428 shares during the quarter. BNP Paribas Financial Markets' holdings in Nomad Foods were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOMD. Blue Trust Inc. raised its position in Nomad Foods by 70.6% in the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after purchasing an additional 1,448 shares during the period. R Squared Ltd bought a new position in Nomad Foods in the 4th quarter worth about $83,000. Empowered Funds LLC bought a new position in Nomad Foods in the 4th quarter worth about $317,000. Vontobel Holding Ltd. bought a new position in Nomad Foods in the 4th quarter worth about $222,000. Finally, Venturi Wealth Management LLC bought a new position in Nomad Foods in the 4th quarter worth about $124,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Stock Down 0.8%

Shares of NYSE NOMD traded down $0.14 during midday trading on Tuesday, reaching $17.21. 944,713 shares of the company's stock traded hands, compared to its average volume of 666,865. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The stock's 50 day simple moving average is $18.86 and its 200-day simple moving average is $18.22. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 12.94 and a beta of 0.81.

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

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.95%. Nomad Foods's dividend payout ratio is presently 45.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NOMD shares. Barclays upped their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Wall Street Zen downgraded shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. 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.

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.