Massachusetts Financial Services Co. MA Reduces Position in Nomad Foods Limited (NYSE:NOMD)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,194,418 shares of the company's stock after selling 63,011 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.08% of Nomad Foods worth $62,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NOMD. Johnson Financial Group Inc. purchased a new stake in shares of Nomad Foods in the fourth quarter worth about $62,000. Headlands Technologies LLC acquired a new stake in Nomad Foods in the fourth quarter valued at $76,000. Tower Research Capital LLC TRC grew its holdings in shares of Nomad Foods by 13,508.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock worth $107,000 after buying an additional 6,349 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Nomad Foods during the 4th quarter worth approximately $134,000. Finally, Quarry LP raised its position in shares of 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. Hedge funds and other institutional investors own 75.26% of the company's stock.

Analyst Ratings Changes

NOMD has been the topic of several analyst reports. Wall Street Zen lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. 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.

Nomad Foods Stock Performance

Shares of Nomad Foods stock opened at $17.61 on Friday. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 11.74 and a beta of 0.73. 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 firm's 50-day moving average is $17.45 and its 200 day moving average is $18.18.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a return on equity of 10.60% and a net margin of 7.35%. The company had revenue of $822.31 million during the quarter, compared to the consensus estimate of $769.39 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate 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. Shareholders 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 3.86%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is currently 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.

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