45,462 Shares in Nomad Foods Limited (NYSE:NOMD) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,462 shares of the company's stock, valued at approximately $763,000.

A number of other hedge funds have also recently added to or reduced their stakes in NOMD. Blue Trust Inc. increased its stake in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,448 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Nomad Foods during the fourth quarter valued at $62,000. Parkside Financial Bank & Trust increased its stake in Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after purchasing an additional 670 shares during the last quarter. Headlands Technologies LLC bought a new stake in Nomad Foods during the fourth quarter valued at $76,000. Finally, Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 6,349 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Price Performance

NOMD stock traded down $0.12 during trading on Thursday, hitting $16.98. The company had a trading volume of 634,948 shares, compared to its average volume of 665,332. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 12.76 and a beta of 0.81. The business has a 50 day moving average of $18.81 and a 200 day moving average of $18.21. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued 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 6.54% and a return on equity of 10.38%. The business had revenue of $822.31 million during the quarter, compared to analyst estimates of $769.39 million. During the same period in the previous year, the company posted $0.37 earnings per share. Nomad Foods's revenue was down 3.0% compared to the same quarter last year. As a group, research analysts predict 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 paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio is presently 45.33%.

Analyst Ratings Changes

Several analysts have weighed in on NOMD shares. Barclays boosted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Wall Street Zen lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Mizuho upped their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th.

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.