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

SG Americas Securities LLC purchased a new position in Nomad Foods Limited (NYSE:NOMD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,968 shares of the company's stock, valued at approximately $530,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of Nomad Foods during the fourth quarter valued at approximately $62,000. Parkside Financial Bank & Trust lifted its stake in shares of Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after acquiring an additional 670 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Nomad Foods during the 4th quarter worth approximately $76,000. Tower Research Capital LLC TRC boosted its holdings in Nomad Foods by 13,508.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock valued at $107,000 after acquiring an additional 6,349 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in Nomad Foods in the 4th quarter valued at $124,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NOMD has been the subject of several research analyst reports. Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Mizuho raised their price target on shares of 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 shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd.

Nomad Foods Stock Up 1.5%

NYSE NOMD traded up $0.25 on Thursday, reaching $17.14. 543,938 shares of the stock traded hands, compared to its average volume of 683,595. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 11.42 and a beta of 0.75. The company has a fifty day moving average price of $18.15 and a 200-day moving average price of $18.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.06.

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). Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The firm had revenue of $822.31 million for the quarter, compared to analysts' expectations of $769.39 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business's quarterly revenue was down 3.0% on a year-over-year basis. As a group, research analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.97%. Nomad Foods's dividend payout ratio is presently 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.