Jane Street Group LLC Raises Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Jane Street Group LLC raised its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 285.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,489 shares of the company's stock after acquiring an additional 37,377 shares during the period. Jane Street Group LLC's holdings in Nomad Foods were worth $847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Nomad Foods by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock worth $15,671,000 after acquiring an additional 33,058 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Nomad Foods by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company's stock worth $19,144,000 after acquiring an additional 114,026 shares during the last quarter. Raymond James Financial Inc. bought a new position in Nomad Foods during the 4th quarter worth approximately $11,967,000. PNC Financial Services Group Inc. grew its position in Nomad Foods by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock worth $459,000 after acquiring an additional 2,535 shares during the last quarter. Finally, River Road Asset Management LLC grew its position in shares of Nomad Foods by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after buying an additional 24,775 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Analyst Upgrades and Downgrades

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

Nomad Foods Price Performance

Shares of NYSE NOMD traded up $0.14 during mid-day trading on Thursday, reaching $17.44. The company's stock had a trading volume of 589,497 shares, compared to its average volume of 671,965. The firm has a market capitalization of $2.68 billion, a PE ratio of 13.11 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The stock has a fifty day moving average of $18.99 and a two-hundred day moving average of $18.19. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.81.

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

Nomad Foods Dividend Announcement

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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Monday, May 12th. Nomad Foods's payout ratio is presently 45.33%.

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.