Bank of New York Mellon Corp Raises Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

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

A number of other large investors have also added to or reduced their stakes in the business. VELA Investment Management LLC increased its position in Nomad Foods by 25.9% during the 1st quarter. VELA Investment Management LLC now owns 57,900 shares of the company's stock valued at $1,138,000 after purchasing an additional 11,900 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Nomad Foods by 3.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,190 shares of the company's stock worth $4,130,000 after buying an additional 6,945 shares during the period. First Bank & Trust acquired a new stake in Nomad Foods in the 1st quarter valued at $219,000. Vontobel Holding Ltd. lifted its stake in Nomad Foods by 49.2% during the 1st quarter. Vontobel Holding Ltd. now owns 19,729 shares of the company's stock valued at $388,000 after acquiring an additional 6,504 shares in the last quarter. Finally, Townsend & Associates Inc raised its stake in shares of Nomad Foods by 1.8% during the 1st quarter. Townsend & Associates Inc now owns 1,617,466 shares of the company's stock worth $31,783,000 after purchasing an additional 28,414 shares during the period. Institutional investors own 75.26% of the company's stock.

Nomad Foods Trading Down 0.7%

Shares of Nomad Foods stock traded down $0.12 on Friday, reaching $17.47. The company had a trading volume of 350,284 shares, compared to its average volume of 702,616. The firm's 50-day moving average price is $17.42 and its two-hundred day moving average price is $18.20. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year 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 firm has a market cap of $2.68 billion, a price-to-earnings ratio of 11.65 and a beta of 0.73.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its earnings results 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 firm had revenue of $822.31 million for 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 revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. As a group, research analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced 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. This represents a $0.68 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.33%.

Analyst Ratings Changes

NOMD has been the subject of several recent research reports. Barclays set a $20.00 price objective on Nomad Foods and gave the company an "overweight" rating in a research report 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.