Nomad Foods Limited $NOMD Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. has sold 765,428 shares of Nomad Foods Limited, reducing its holdings by 15.3% to own a total of 4,239,841 shares, valued at approximately $83.3 million.
• Nomad Foods reported earnings per share of $0.45 for the last quarter, exceeding estimates, with a revenue of $879.27 million, compared to the expected $762.81 million.
• The company also declared a quarterly dividend of $0.17 per share, yielding 4.6%, set to be paid on August 26th, 2023.

Fuller & Thaler Asset Management Inc. reduced its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,239,841 shares of the company's stock after selling 765,428 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 2.76% of Nomad Foods worth $83,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NOMD. Summit Securities Group LLC bought a new position in Nomad Foods in the first quarter valued at about $32,000. Johnson Financial Group Inc. bought a new position in Nomad Foods in the fourth quarter worth approximately $62,000. Tower Research Capital LLC TRC boosted its holdings in Nomad Foods by 13,508.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock worth $107,000 after acquiring an additional 6,349 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Nomad Foods in the fourth quarter valued at approximately $134,000. Finally, Quarry LP lifted its holdings in shares of Nomad Foods by 964.8% in the fourth quarter. Quarry LP now owns 8,646 shares of the company's stock valued at $145,000 after purchasing an additional 7,834 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Trading Up 0.8%

Shares of Nomad Foods stock traded up $0.13 on Friday, hitting $15.60. 905,145 shares of the company traded hands, compared to its average volume of 832,630. The company has a market cap of $2.39 billion, a PE ratio of 10.68 and a beta of 0.72. The stock's 50 day moving average price is $16.82 and its 200-day moving average price is $18.12. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 52 week low of $14.72 and a 52 week high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The business had revenue of $879.27 million for the quarter, compared to analyst estimates of $762.81 million. During the same period in the previous year, the company earned $0.44 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, August 11th. Nomad Foods's dividend payout ratio is currently 46.58%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOMD. Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays lowered their target price on Nomad Foods from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, Mizuho reduced their target price on Nomad Foods from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $20.33.

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.