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

Robeco Schweiz AG lessened its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 21.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 433,484 shares of the company's stock after selling 119,448 shares during the quarter. Robeco Schweiz AG owned about 0.28% of Nomad Foods worth $8,518,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Legal & General Group Plc lifted its holdings in Nomad Foods by 3.3% in the fourth quarter. Legal & General Group Plc now owns 25,392 shares of the company's stock valued at $426,000 after acquiring an additional 800 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Nomad Foods by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,320 shares of the company's stock valued at $1,650,000 after purchasing an additional 1,270 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Nomad Foods by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock valued at $459,000 after buying an additional 2,535 shares during the period. Penn Capital Management Company LLC increased its stake in Nomad Foods by 10.1% during the fourth quarter. Penn Capital Management Company LLC now owns 30,904 shares of the company's stock worth $519,000 after acquiring an additional 2,835 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Nomad Foods during the 4th quarter worth approximately $62,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Trading Down 1.3%

NOMD traded down $0.24 during trading on Monday, reaching $17.32. The company had a trading volume of 567,128 shares, compared to its average volume of 784,664. The firm's 50-day simple moving average is $17.62 and its 200 day simple 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 company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.06. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 11.54 and a beta of 0.73.

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

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 dividend yield of 3.93%. Nomad Foods's dividend payout ratio is currently 45.33%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of 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.