Clean Yield Group Has $163,000 Stock Position in Nomad Foods Limited (NYSE:NOMD)

Clean Yield Group lessened its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 70.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,272 shares of the company's stock after selling 20,182 shares during the period. Clean Yield Group's holdings in Nomad Foods were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Congress Asset Management Co. acquired a new stake in Nomad Foods during the 1st quarter worth approximately $7,383,000. GAMMA Investing LLC lifted its holdings in shares of Nomad Foods by 2,002.9% during the first quarter. GAMMA Investing LLC now owns 14,973 shares of the company's stock worth $294,000 after buying an additional 14,261 shares in the last quarter. Formidable Asset Management LLC bought a new stake in shares of Nomad Foods in the fourth quarter valued at about $700,000. Public Employees Retirement System of Ohio bought a new stake in shares of Nomad Foods in the fourth quarter valued at about $763,000. Finally, PharVision Advisers LLC acquired a new position in shares of Nomad Foods in the fourth quarter valued at about $614,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Price Performance

Nomad Foods stock traded up $0.10 during trading hours on Wednesday, reaching $17.44. 547,605 shares of the stock were exchanged, compared to its average volume of 666,916. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The company has a market cap of $2.67 billion, a P/E ratio of 13.11 and a beta of 0.75. The stock has a 50 day moving average of $18.61 and a two-hundred day moving average of $18.21.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results 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). Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The firm had revenue of $822.31 million for the quarter, compared to analyst estimates of $769.39 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business's revenue was down 3.0% on a year-over-year basis. Equities analysts expect 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. Investors of record on Monday, May 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NOMD. Mizuho lifted their price objective 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. Barclays lifted their price target on shares of 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 lowered Nomad Foods from a "buy" rating to a "hold" rating in a research note 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.