Thompson Investment Management Inc. Makes New Investment in Nomad Foods Limited (NYSE:NOMD)

Thompson Investment Management Inc. bought a new position in Nomad Foods Limited (NYSE:NOMD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 215,623 shares of the company's stock, valued at approximately $4,237,000. Thompson Investment Management Inc. owned 0.14% of Nomad Foods at the end of the most recent reporting period.

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

Nomad Foods Stock Down 2.4%

Shares of NYSE:NOMD traded down $0.43 during trading on Friday, hitting $17.13. 960,274 shares of the company were exchanged, compared to its average volume of 669,845. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 12.88 and a beta of 0.75. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average price of $18.54 and a two-hundred day moving average price of $18.21. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results 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 firm had revenue of $822.31 million for the quarter, compared to the consensus estimate of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. Nomad Foods's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. As a group, research analysts anticipate 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. Investors of record on Monday, May 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.97%. Nomad Foods's dividend payout ratio (DPR) is 45.33%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NOMD. 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 report on Tuesday, March 4th. 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 research report on Monday, March 3rd. 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 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.