Nomad Foods Limited (NYSE:NOMD) Position Trimmed by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 1.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,194,418 shares of the company's stock after selling 63,011 shares during the period. Massachusetts Financial Services Co. MA owned about 2.08% of Nomad Foods worth $62,770,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Johnson Financial Group Inc. purchased a new stake in Nomad Foods in the 4th quarter worth $62,000. Headlands Technologies LLC acquired a new position in Nomad Foods during the fourth quarter worth about $76,000. Tower Research Capital LLC TRC lifted 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 worth $107,000 after acquiring an additional 6,349 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Nomad Foods in the 4th quarter valued at approximately $134,000. Finally, Quarry LP grew its position in Nomad Foods by 964.8% during the 4th quarter. Quarry LP now owns 8,646 shares of the company's stock worth $145,000 after purchasing an additional 7,834 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

Nomad Foods Stock Performance

Nomad Foods stock traded down $0.03 during mid-day trading on Monday, reaching $17.41. 475,153 shares of the stock traded hands, compared to its average volume of 791,962. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.66. The stock has a market capitalization of $2.67 billion, a PE ratio of 9.22 and a beta of 0.73. The business's 50-day moving average is $17.42 and its 200-day moving average is $18.21.

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 for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $822.31 million during the quarter, compared to analysts' expectations of $769.39 million. Nomad Foods had a return on equity of 10.60% and a net margin of 7.35%. The company's revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. As a group, sell-side analysts predict that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently disclosed 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 dividend yield of 3.91%. Nomad Foods's dividend payout ratio is currently 45.33%.

Analyst Upgrades and Downgrades

NOMD has been the subject of several research reports. Barclays set a $20.00 price objective on shares of Nomad Foods and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report 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.