PYA Waltman Capital LLC Reduces Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

PYA Waltman Capital LLC decreased its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 21.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 232,200 shares of the company's stock after selling 64,817 shares during the period. Nomad Foods comprises approximately 1.4% of PYA Waltman Capital LLC's portfolio, making the stock its 16th biggest holding. PYA Waltman Capital LLC owned 0.15% of Nomad Foods worth $4,563,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods during the fourth quarter valued at $62,000. Headlands Technologies LLC acquired a new stake in shares of Nomad Foods during the fourth quarter valued at $76,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $107,000 after acquiring an additional 6,349 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Nomad Foods during the fourth quarter worth about $134,000. Finally, Quarry LP lifted its position in 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 buying an additional 7,834 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Nomad Foods Trading Up 1.2%

NYSE NOMD traded up $0.20 during trading hours on Friday, hitting $17.58. 789,061 shares of the company's stock were exchanged, compared to its average volume of 697,733. The business's 50 day moving average is $17.62 and its 200-day moving average is $18.18. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81. The firm has a market capitalization of $2.70 billion, a P/E ratio of 11.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.06.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $822.31 million during the quarter, compared to analysts' expectations of $769.39 million. Nomad Foods had a return on equity of 10.60% and a net margin of 7.35%. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. As a group, analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were issued 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 dividend yield of 3.87%. Nomad Foods's dividend payout ratio (DPR) is 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.