Nomad Foods Limited (NYSE:NOMD) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. grew its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,442,222 shares of the company's stock after acquiring an additional 66,060 shares during the quarter. Brown Advisory Inc. owned about 5.50% of Nomad Foods worth $165,890,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NOMD. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods during the fourth quarter worth $62,000. Headlands Technologies LLC acquired a new stake in shares of Nomad Foods during the fourth quarter worth $76,000. Tower Research Capital LLC TRC lifted its holdings in shares of Nomad Foods by 13,508.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock worth $107,000 after purchasing an additional 6,349 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Nomad Foods during the fourth quarter worth $134,000. Finally, Quarry LP lifted its holdings in shares of Nomad Foods by 964.8% during the fourth quarter. Quarry LP now owns 8,646 shares of the company's stock worth $145,000 after purchasing an additional 7,834 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Nomad Foods Price Performance

NYSE:NOMD traded up $0.09 during trading hours on Tuesday, hitting $17.19. The company's stock had a trading volume of 573,603 shares, compared to its average volume of 696,326. The business's 50-day moving average is $17.82 and its two-hundred day moving average is $18.16. The company has a market capitalization of $2.64 billion, a PE ratio of 11.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.06. 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 quarterly earnings data 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 during the quarter, compared to analysts' expectations of $769.39 million. Nomad Foods had a return on equity of 10.60% and a net margin of 7.35%. The company's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, research analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.33%.

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.