Perpetual Ltd Reduces Stock Position in Nomad Foods Limited (NYSE:NOMD)

Perpetual Ltd trimmed its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 29.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 505,605 shares of the company's stock after selling 211,450 shares during the period. Perpetual Ltd owned about 0.33% of Nomad Foods worth $9,935,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NOMD. Johnson Financial Group Inc. acquired a new stake in Nomad Foods in the 4th quarter valued at approximately $62,000. Parkside Financial Bank & Trust boosted its position in shares of Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after buying an additional 670 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Nomad Foods in the fourth quarter valued at $76,000. Tower Research Capital LLC TRC raised its holdings in shares of Nomad Foods by 13,508.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock valued at $107,000 after buying an additional 6,349 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Nomad Foods during the 4th quarter worth about $134,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Stock Up 2.3%

NOMD traded up $0.39 on Tuesday, hitting $17.38. 2,674,230 shares of the company were exchanged, compared to its average volume of 693,942. The firm has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $18.15. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 11.59 and a beta of 0.73.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings data 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). Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The company had revenue of $822.31 million during the quarter, compared to analysts' expectations of $769.39 million. During the same quarter in the previous year, the business posted $0.37 EPS. The business's quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently declared 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 yield of 3.91%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Mizuho lifted their target price 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 lifted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Finally, Wall Street Zen lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a 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.