Thompson Investment Management Inc. Invests $4.24 Million in Nomad Foods Limited (NYSE:NOMD)

Thompson Investment Management Inc. purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 215,623 shares of the company's stock, valued at approximately $4,237,000. Thompson Investment Management Inc. owned approximately 0.14% of Nomad Foods at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Nomad Foods in the 1st quarter worth $530,000. Farther Finance Advisors LLC bought a new stake in shares of Nomad Foods in the 1st quarter worth $300,000. Fenimore Asset Management Inc grew its stake in shares of Nomad Foods by 0.9% in the 1st quarter. Fenimore Asset Management Inc now owns 1,044,764 shares of the company's stock worth $20,530,000 after acquiring an additional 9,720 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of Nomad Foods in the 1st quarter worth about $7,383,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Nomad Foods by 2,002.9% in the 1st quarter. GAMMA Investing LLC now owns 14,973 shares of the company's stock worth $294,000 after buying an additional 14,261 shares during the last quarter. Institutional investors own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

NOMD has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Mizuho boosted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, Wall Street Zen downgraded shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Nomad Foods Stock Performance

NYSE NOMD traded down $0.43 during trading on Friday, hitting $17.13. 960,274 shares of the company's stock traded hands, compared to its average volume of 670,686. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.88 and a beta of 0.75. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81. 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 business has a 50 day moving average of $18.51 and a 200-day moving average of $18.20.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $822.31 million for the quarter, compared to analysts' expectations of $769.39 million. Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. Nomad Foods's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. As a group, equities research analysts anticipate that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

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