375,716 Shares in Nomad Foods Limited (NYSE:NOMD) Purchased by Congress Asset Management Co.

Congress Asset Management Co. purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 375,716 shares of the company's stock, valued at approximately $7,383,000. Congress Asset Management Co. owned about 0.24% of Nomad Foods as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOMD. Johnson Financial Group Inc. acquired a new position in Nomad Foods during the fourth quarter worth $62,000. Blue Trust Inc. grew its position in shares of Nomad Foods by 70.6% in the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,448 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after purchasing an additional 670 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Nomad Foods during the 4th quarter worth about $76,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Nomad Foods by 13,508.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock valued at $107,000 after purchasing an additional 6,349 shares during the period. Institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of NYSE NOMD traded up $0.10 during mid-day trading on Wednesday, reaching $17.44. 547,605 shares of the company were exchanged, compared to its average volume of 666,916. The stock has a market capitalization of $2.67 billion, a P/E ratio of 13.11 and a beta of 0.75. 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 company's 50-day simple moving average is $18.61 and its 200-day simple moving average is $18.21. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81.

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

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors 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 annualized dividend and a yield of 3.90%. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NOMD shares. Mizuho lifted their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays boosted their target price on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd.

Nomad Foods Company 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.