SG Americas Securities LLC Makes New $530,000 Investment in Nomad Foods Limited (NYSE:NOMD)

SG Americas Securities LLC purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 26,968 shares of the company's stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOMD. Parkside Financial Bank & Trust raised its stake in shares of Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after acquiring an additional 670 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Nomad Foods by 3.3% in the 4th quarter. Legal & General Group Plc now owns 25,392 shares of the company's stock valued at $426,000 after acquiring an additional 800 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Nomad Foods by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,320 shares of the company's stock valued at $1,650,000 after acquiring an additional 1,270 shares in the last quarter. Handelsbanken Fonder AB raised 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 acquiring an additional 2,100 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Nomad Foods by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock valued at $459,000 after acquiring an additional 2,535 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on NOMD. Barclays lifted their price target on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Mizuho lifted their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Nomad Foods Stock Performance

NOMD opened at $17.03 on Monday. The stock has a market cap of $2.61 billion, a PE ratio of 11.35 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock's 50 day simple moving average is $18.33 and its 200-day simple moving average is $18.18.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $822.31 million during the quarter, compared to analyst estimates of $769.39 million. Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. Nomad Foods's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Sell-side analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 3.99%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.33%.

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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