15,274 Shares in Nomad Foods Limited (NYSE:NOMD) Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,274 shares of the company's stock, valued at approximately $300,000.

A number of other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. boosted its position in Nomad Foods by 5.2% during the fourth 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. Alliancebernstein L.P. boosted its position in Nomad Foods by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock worth $129,346,000 after purchasing an additional 187,146 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Nomad Foods by 2.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock worth $70,077,000 after purchasing an additional 86,897 shares in the last quarter. River Road Asset Management LLC boosted its position in Nomad Foods by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after purchasing an additional 24,775 shares in the last quarter. Finally, 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 in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NOMD. Mizuho upped their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays upped 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.

Nomad Foods Price Performance

Shares of NYSE:NOMD traded down $0.13 on Friday, hitting $17.03. The company had a trading volume of 727,317 shares, compared to its average volume of 675,259. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The business has a 50 day moving average of $18.33 and a 200 day moving average of $18.17. The company has a market cap of $2.61 billion, a PE ratio of 11.35 and a beta of 0.75.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued 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). Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The company had revenue of $822.31 million during the quarter, compared to analysts' expectations of $769.39 million. During the same quarter 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, equities analysts anticipate that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a dividend of $0.17 per share. The ex-dividend date was Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.99%. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

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.