Tidal Investments LLC acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,335 shares of the company's stock, valued at approximately $677,000.
Several other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in 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 purchasing an additional 670 shares during the period. Legal & General Group Plc lifted its stake in shares of Nomad Foods by 3.3% in the fourth quarter. Legal & General Group Plc now owns 25,392 shares of the company's stock valued at $426,000 after buying an additional 800 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Nomad Foods by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,320 shares of the company's stock valued at $1,650,000 after buying an additional 1,270 shares during the last quarter. Blue Trust Inc. increased its position in shares of Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings 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 worth $718,000 after acquiring an additional 2,100 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have issued reports on NOMD. Barclays lifted their price target on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Mizuho upped their price target on 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 lowered Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.
Check Out Our Latest Stock Analysis on NOMD
Nomad Foods Stock Performance
Shares of Nomad Foods stock traded up $0.02 during mid-day trading on Friday, hitting $17.50. 646,884 shares of the stock were exchanged, compared to its average volume of 671,865. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The company has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $18.19. The company has a market capitalization of $2.68 billion, a P/E ratio of 13.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20.
Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. The business had revenue of $822.31 million for the quarter, compared to analysts' expectations of $769.39 million. During the same period in the previous year, the business posted $0.37 earnings per share. The business's revenue was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.
Nomad Foods Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is currently 45.33%.
Nomad Foods Profile
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Free Report)
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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