Congress Asset Management Co. Takes $7.38 Million Position in Nomad Foods Limited (NYSE:NOMD)

Congress Asset Management Co. purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 375,716 shares of the company's stock, valued at approximately $7,383,000. Congress Asset Management Co. owned 0.24% of Nomad Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of NOMD. Norges Bank bought a new position in Nomad Foods during the fourth quarter valued at about $27,386,000. Raymond James Financial Inc. purchased a new stake in shares of Nomad Foods during the 4th quarter worth about $11,967,000. Vident Advisory LLC purchased a new stake in shares of Nomad Foods during the 4th quarter worth about $9,003,000. Brown Advisory Inc. raised its stake in shares of Nomad Foods by 5.2% during the 4th quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock worth $140,552,000 after purchasing an additional 410,455 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Nomad Foods by 41.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,265,000 shares of the company's stock valued at $21,227,000 after acquiring an additional 373,800 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

Nomad Foods Trading Up 0.3%

Shares of NOMD opened at $17.05 on Friday. The stock has a fifty day moving average price of $18.70 and a two-hundred day moving average price of $18.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 12.82 and a beta of 0.75.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $822.31 million for 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 company's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Analysts predict that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.99%. Nomad Foods's payout ratio is 45.33%.

Analyst Ratings Changes

NOMD has been the topic of a number of recent analyst reports. Mizuho raised their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Barclays lifted their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock 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 research note 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.

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