Squarepoint Ops LLC Acquires New Position in Nomad Foods Limited (NYSE:NOMD)

Squarepoint Ops LLC bought a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 48,354 shares of the company's stock, valued at approximately $811,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOMD. Brown Advisory Inc. boosted its stake in Nomad Foods by 5.2% in the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock valued at $140,552,000 after acquiring an additional 410,455 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Nomad Foods by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock valued at $129,346,000 after purchasing an additional 187,146 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Nomad Foods by 2.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock valued at $70,077,000 after purchasing an additional 86,897 shares during the period. River Road Asset Management LLC grew its stake in Nomad Foods by 0.6% during the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after buying an additional 24,775 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock worth $38,968,000 after buying an additional 253,086 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Nomad Foods Stock Performance

Shares of NYSE NOMD traded down $0.14 during midday trading on Tuesday, reaching $17.21. 944,713 shares of the company were exchanged, compared to its average volume of 669,311. The stock has a market cap of $2.64 billion, a P/E ratio of 12.94 and a beta of 0.81. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock has a fifty day simple moving average of $18.91 and a 200 day simple moving average of $18.22. 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 posted its quarterly earnings data 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). The company had revenue of $822.31 million for the quarter, compared to analyst estimates of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The firm's revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. On average, research analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal 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 $0.17 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.95%. 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.