Nomad Foods Limited (NYSE:NOMD) Shares Sold by Perpetual Ltd

Perpetual Ltd reduced its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 29.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 505,605 shares of the company's stock after selling 211,450 shares during the period. Perpetual Ltd owned 0.33% of Nomad Foods worth $9,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Nomad Foods in the 4th quarter valued at $27,386,000. Raymond James Financial Inc. purchased a new position in Nomad Foods in the 4th quarter valued at approximately $11,967,000. Vident Advisory LLC acquired a new stake in shares of Nomad Foods in the fourth quarter valued at $9,003,000. Brown Advisory Inc. boosted its holdings in Nomad Foods by 5.2% in the fourth 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 during the period. Finally, Congress Asset Management Co. purchased a new position in Nomad Foods in the first quarter valued at $7,383,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NOMD has been the topic of several recent research reports. Mizuho increased their price target on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Barclays upped their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, Wall Street Zen downgraded shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Nomad Foods Stock Down 0.6%

Nomad Foods stock opened at $17.05 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 11.36 and a beta of 0.75. 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's fifty day moving average is $18.10 and its two-hundred day moving average is $18.16. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81.

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 the consensus estimate of $0.41 by ($0.04). The business had revenue of $822.31 million for the quarter, compared to analyst estimates of $769.39 million. Nomad Foods had a return on equity of 10.60% and a net margin of 7.35%. Nomad Foods's revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. On average, sell-side analysts expect that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.99%. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

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.

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