PYA Waltman Capital LLC Cuts Stock Position in Nomad Foods Limited (NYSE:NOMD)

PYA Waltman Capital LLC cut its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 21.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,200 shares of the company's stock after selling 64,817 shares during the quarter. Nomad Foods comprises approximately 1.4% of PYA Waltman Capital LLC's holdings, making the stock its 16th largest holding. PYA Waltman Capital LLC owned approximately 0.15% of Nomad Foods worth $4,563,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NOMD. Johnson Financial Group Inc. bought a new stake in shares of Nomad Foods during the fourth quarter worth $62,000. Headlands Technologies LLC bought a new stake in shares of Nomad Foods during the fourth quarter worth $76,000. Tower Research Capital LLC TRC lifted its position in shares of Nomad Foods by 13,508.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock worth $107,000 after purchasing an additional 6,349 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Nomad Foods during the fourth quarter worth $134,000. Finally, Quarry LP lifted its position in shares of Nomad Foods by 964.8% during the fourth quarter. Quarry LP now owns 8,646 shares of the company's stock worth $145,000 after purchasing an additional 7,834 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Down 1.8%

Shares of Nomad Foods stock traded down $0.31 during trading on Tuesday, hitting $17.02. 1,787,143 shares of the stock traded hands, compared to its average volume of 701,553. The firm has a market cap of $2.61 billion, a P/E ratio of 11.35 and a beta of 0.73. 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 52-week low of $15.43 and a 52-week high of $20.81. The stock's fifty day simple moving average is $17.62 and its 200 day simple moving average is $18.18.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $822.31 million for the quarter, compared to analysts' expectations of $769.39 million. Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. On average, equities analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.00%. Nomad Foods's dividend payout ratio is currently 45.33%.

Analyst Ratings Changes

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

Nomad Foods 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.