Napatree Capital LLC Takes Position in Nomad Foods Limited (NYSE:NOMD)

Napatree Capital LLC acquired a new position in Nomad Foods Limited (NYSE:NOMD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 27,907 shares of the company's stock, valued at approximately $548,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Nomad Foods during the 4th quarter worth approximately $27,386,000. Raymond James Financial Inc. acquired a new position in shares of Nomad Foods during the 4th quarter worth approximately $11,967,000. Vident Advisory LLC acquired a new position in shares of Nomad Foods during the 4th quarter worth approximately $9,003,000. Brown Advisory Inc. boosted its holdings in shares of Nomad Foods by 5.2% during the 4th 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 during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 17.3% during the 1st quarter. Victory Capital Management Inc. now owns 2,724,866 shares of the company's stock worth $53,544,000 after purchasing an additional 402,599 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays set a $20.00 price objective on Nomad Foods and gave the stock an "overweight" rating in a research report on Tuesday.

Nomad Foods Stock Down 0.7%

Shares of Nomad Foods stock traded down $0.12 during trading hours on Friday, reaching $17.47. 350,284 shares of the company were exchanged, compared to its average volume of 702,616. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock's fifty day moving average is $17.42 and its 200 day moving average is $18.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.06. The firm has a market cap of $2.68 billion, a PE ratio of 9.22 and a beta of 0.73.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $822.31 million for 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 firm's revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. As a group, equities research analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's payout ratio is 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.