Tidal Investments LLC Purchases Shares of 40,335 Nomad Foods Limited (NYSE:NOMD)

Tidal Investments LLC purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,335 shares of the company's stock, valued at approximately $677,000.

A number of other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Nomad Foods during the fourth quarter worth about $27,386,000. Raymond James Financial Inc. purchased a new stake in shares of Nomad Foods in the fourth quarter worth approximately $11,967,000. Brown Advisory Inc. lifted its stake in shares of Nomad Foods by 5.2% during the 4th quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock worth $140,552,000 after acquiring an additional 410,455 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in Nomad Foods by 62.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock valued at $12,753,000 after acquiring an additional 291,258 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Nomad Foods by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after acquiring an additional 253,086 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Price Performance

Shares of NOMD stock traded up $0.02 during trading hours on Friday, reaching $17.50. The company had a trading volume of 646,884 shares, compared to its average volume of 667,899. The stock has a fifty day moving average of $18.96 and a 200-day moving average of $18.22. 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 company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 13.16 and a beta of 0.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued 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 firm had revenue of $822.31 million during the quarter, compared to analyst estimates of $769.39 million. Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts anticipate that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's payout ratio is currently 45.33%.

Analysts Set New Price Targets

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

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.