Public Employees Retirement System of Ohio Buys New Shares in Nomad Foods Limited (NYSE:NOMD)

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

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in shares of Nomad Foods by 70.6% in 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 period. Empowered Funds LLC acquired a new stake in shares of Nomad Foods during the fourth quarter worth $317,000. Vontobel Holding Ltd. purchased a new position in shares of Nomad Foods during the 4th quarter worth about $222,000. Venturi Wealth Management LLC purchased a new stake in shares of Nomad Foods during the 4th quarter valued at $124,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Nomad Foods by 5.2% in the 4th quarter. Handelsbanken Fonder AB now owns 42,800 shares of the company's stock valued at $718,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Up 0.3%

Shares of NYSE NOMD traded up $0.06 during mid-day trading on Friday, reaching $17.05. 354,766 shares of the company traded hands, compared to its average volume of 662,512. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The stock has a market cap of $2.61 billion, a PE ratio of 12.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company's fifty day moving average is $18.70 and its two-hundred day moving average is $18.22.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $822.31 million for the quarter, compared to the consensus estimate of $769.39 million. Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is 45.33%.

Analyst Upgrades and Downgrades

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

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.