Robeco Institutional Asset Management B.V. Has $7.95 Million Position in Nomad Foods Limited $NOMD

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Nomad Foods by 11.3%, holding 467,895 shares valued at $7.95 million at the end of the most recent quarter.
• Nomad Foods reported a quarterly earnings per share of $0.45, slightly exceeding analysts' expectations, with revenue of $879.27 million for the quarter.
• The company also declared a quarterly dividend of $0.17 per share, reflecting an annualized dividend of 5.2% yield.

Robeco Institutional Asset Management B.V. lifted its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 467,895 shares of the company's stock after purchasing an additional 47,368 shares during the period. Robeco Institutional Asset Management B.V. owned 0.31% of Nomad Foods worth $7,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Nomad Foods during the first quarter worth about $530,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Nomad Foods in the first quarter valued at approximately $196,000. Brown Advisory Inc. boosted its stake in shares of Nomad Foods by 0.8% during the 1st quarter. Brown Advisory Inc. now owns 8,442,222 shares of the company's stock worth $165,890,000 after acquiring an additional 66,060 shares during the period. Entropy Technologies LP acquired a new position in shares of Nomad Foods during the 1st quarter worth approximately $405,000. Finally, Farther Finance Advisors LLC bought a new stake in Nomad Foods in the 1st quarter valued at $300,000. 75.26% of the stock is owned by institutional investors.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $13.10 on Monday. The business has a fifty day moving average price of $14.86 and a two-hundred day moving average price of $17.07. The stock has a market capitalization of $2.01 billion, a PE ratio of 8.97 and a beta of 0.70. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.63. Nomad Foods Limited has a fifty-two week low of $12.89 and a fifty-two week high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, topping 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 company had revenue of $879.27 million for the quarter, compared to analysts' expectations of $762.81 million. During the same quarter last year, the business earned $0.44 earnings per share. Nomad Foods's revenue was down .8% on a year-over-year basis. As a group, equities analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Nomad Foods's dividend payout ratio is currently 46.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BTIG Research reduced their price objective on shares of Nomad Foods from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Barclays reduced their target price on shares of Nomad Foods from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Mizuho lowered their price target on shares of Nomad Foods from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Weiss Ratings restated a "hold (c)" rating on shares of Nomad Foods in a report on Saturday, September 27th. Finally, Zacks Research downgraded Nomad Foods from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nomad Foods currently has an average rating of "Moderate Buy" and an average price target of $19.75.

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.

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