Obermeyer Wealth Partners Acquires Shares of 44,000 Nomad Foods Limited (NYSE:NOMD)

Obermeyer Wealth Partners acquired a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 44,000 shares of the company's stock, valued at approximately $865,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP lifted its stake in Nomad Foods by 23.0% in the 4th quarter. Quantbot Technologies LP now owns 33,733 shares of the company's stock valued at $566,000 after acquiring an additional 6,300 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Nomad Foods by 1.2% during the 4th quarter. American Century Companies Inc. now owns 383,508 shares of the company's stock worth $6,435,000 after purchasing an additional 4,575 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Nomad Foods during the 4th quarter worth approximately $191,000. Vanguard Group Inc. raised its stake in shares of Nomad Foods by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock worth $15,671,000 after purchasing an additional 33,058 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Nomad Foods during the 4th quarter worth approximately $215,000. 75.26% of the stock is owned by institutional investors.

Nomad Foods Stock Performance

NOMD traded down $0.18 during trading hours on Thursday, reaching $18.01. The company's stock had a trading volume of 249,736 shares, compared to its average volume of 777,397. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.81. The company's 50-day moving average is $17.39 and its 200-day moving average is $18.21. 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 firm has a market cap of $2.76 billion, a PE ratio of 12.00 and a beta of 0.73.

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

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NOMD. Barclays set a $20.00 price objective on shares of Nomad Foods and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note 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.