Robeco Schweiz AG Sells 119,448 Shares of Nomad Foods Limited (NYSE:NOMD)

Robeco Schweiz AG lessened its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 21.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,484 shares of the company's stock after selling 119,448 shares during the period. Robeco Schweiz AG owned approximately 0.28% of Nomad Foods worth $8,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in shares of Nomad Foods in the 4th quarter worth approximately $62,000. Headlands Technologies LLC bought a new stake in shares of Nomad Foods in the 4th quarter worth approximately $76,000. Tower Research Capital LLC TRC lifted 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 worth $107,000 after acquiring an additional 6,349 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Nomad Foods during the 4th quarter valued at $134,000. Finally, Quarry LP raised its holdings in Nomad Foods by 964.8% during the 4th quarter. Quarry LP now owns 8,646 shares of the company's stock valued at $145,000 after buying an additional 7,834 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Analyst Upgrades and Downgrades

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

Nomad Foods Stock Up 1.2%

Shares of NYSE:NOMD traded up $0.20 during midday trading on Friday, reaching $17.58. The company's stock had a trading volume of 789,061 shares, compared to its average volume of 697,480. The firm has a 50 day moving average of $17.62 and a 200-day moving average of $18.16. 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 quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released 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 business 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 firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. On average, research analysts anticipate that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently disclosed 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 3.87%. The ex-dividend date was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is 45.33%.

Nomad Foods Company 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.