OMERS ADMINISTRATION Corp Purchases New Stake in Nomad Foods Limited $NOMD

Key Points

• OMERS Administration Corp has acquired a new position in Nomad Foods Limited, purchasing 29,500 shares worth approximately $580,000 in the first quarter.
• Institutional investors currently hold 75.26% of Nomad Foods' shares, demonstrating strong interest from the investment community.
• Nomad Foods recently reported earnings of $0.45 per share, exceeding analyst estimates, while also announcing a quarterly dividend of $0.17 per share, reflecting a 4.4% yield.

OMERS ADMINISTRATION Corp bought a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 29,500 shares of the company's stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOMD. Summit Securities Group LLC purchased a new position in Nomad Foods during the 1st quarter worth $32,000. 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 valued at $107,000 after buying an additional 6,349 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Nomad Foods in the 4th quarter valued at about $134,000. Sequoia Financial Advisors LLC acquired a new position in shares of Nomad Foods in the 1st quarter valued at about $196,000. Finally, First Bank & Trust acquired a new position in Nomad Foods in the 1st quarter worth about $219,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

Shares of Nomad Foods stock traded down $0.25 during mid-day trading on Friday, reaching $14.69. 4,137,445 shares of the stock traded hands, compared to its average volume of 813,418. The business has a 50-day moving average of $16.43 and a 200 day moving average of $17.93. Nomad Foods Limited has a fifty-two week low of $14.46 and a fifty-two week high of $20.81. The stock has a market capitalization of $2.25 billion, a PE ratio of 10.06 and a beta of 0.70. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.The business had revenue of $879.27 million during the quarter, compared to analysts' expectations of $762.81 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business's revenue was down .8% compared to the same quarter last year. On average, analysts predict that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, August 11th. Nomad Foods's dividend payout ratio (DPR) is currently 46.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NOMD shares. Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays reduced their price target on Nomad Foods from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Mizuho dropped their target price on shares of Nomad Foods from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $20.33.

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.