Bank of New York Mellon Corp Has $15.72 Million Holdings in Nomad Foods Limited (NYSE:NOMD)

Bank of New York Mellon Corp raised its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 799,879 shares of the company's stock after buying an additional 105,365 shares during the period. Bank of New York Mellon Corp owned approximately 0.52% of Nomad Foods worth $15,718,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NOMD. Brown Advisory Inc. boosted its position 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 valued at $140,552,000 after purchasing an additional 410,455 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Nomad Foods by 2.5% in the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock worth $129,346,000 after buying an additional 187,146 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Nomad Foods by 3.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,824,222 shares of the company's stock valued at $134,096,000 after acquiring an additional 254,314 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Nomad Foods by 2.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock valued at $70,077,000 after acquiring an additional 86,897 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Nomad Foods by 17.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company's stock valued at $28,007,000 after acquiring an additional 250,600 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded up $0.28 on Wednesday, hitting $18.19. 444,370 shares of the company were exchanged, compared to its average volume of 701,112. The company's 50 day moving average price is $17.39 and its two-hundred day moving average price is $18.21. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. 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 capitalization of $2.79 billion, a price-to-earnings ratio of 12.13 and a beta of 0.73.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) 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 the consensus estimate of $769.39 million. Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Research analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.33%.

Analysts Set New Price Targets

Several analysts recently commented on NOMD shares. Barclays set a $20.00 price target on shares of Nomad Foods and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of 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.