BNP Paribas Financial Markets Has $176,000 Stock Position in Nomad Foods Limited (NYSE:NOMD)

BNP Paribas Financial Markets lowered its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 88.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,492 shares of the company's stock after selling 79,428 shares during the period. BNP Paribas Financial Markets' holdings in Nomad Foods were worth $176,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Nomad Foods during the fourth quarter worth approximately $27,386,000. Raymond James Financial Inc. bought a new stake in Nomad Foods during the fourth quarter worth approximately $11,967,000. Thompson Siegel & Walmsley LLC boosted its position in Nomad Foods by 62.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock worth $12,753,000 after purchasing an additional 291,258 shares during the period. Victory Capital Management Inc. boosted its position in Nomad Foods by 12.2% during 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 period. Finally, Loomis Sayles & Co. L P boosted its position in Nomad Foods by 17.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company's stock worth $28,007,000 after purchasing an additional 250,600 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of NOMD traded up $0.02 during mid-day trading on Friday, hitting $17.50. The company's stock had a trading volume of 646,884 shares, compared to its average volume of 667,899. Nomad Foods Limited has a one year low of $15.43 and a one year 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 firm has a market capitalization of $2.68 billion, a PE ratio of 13.16 and a beta of 0.81. The stock's 50-day moving average is $18.96 and its two-hundred day moving average is $18.21.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. As a group, sell-side analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 annualized dividend and a yield of 3.89%. Nomad Foods's dividend payout ratio is currently 45.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Mizuho upped their target price on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Barclays increased their price objective on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Finally, Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a research report 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.