Townsend & Associates Inc Acquires 28,414 Shares of Nomad Foods Limited (NYSE:NOMD)

Townsend & Associates Inc raised its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,617,466 shares of the company's stock after purchasing an additional 28,414 shares during the period. Nomad Foods accounts for 3.3% of Townsend & Associates Inc's investment portfolio, making the stock its 11th biggest position. Townsend & Associates Inc owned about 1.05% of Nomad Foods worth $31,783,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Nomad Foods during the first quarter valued at approximately $530,000. Vanguard Group Inc. lifted its holdings in shares of Nomad Foods by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock worth $15,671,000 after acquiring an additional 33,058 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in Nomad Foods in the first quarter worth $300,000. Charles Schwab Investment Management Inc. grew its position in Nomad Foods by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company's stock worth $19,144,000 after acquiring an additional 114,026 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Nomad Foods in the fourth quarter valued at $11,967,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Nomad Foods Trading Down 0.2%

Shares of NOMD stock traded down $0.04 on Thursday, hitting $17.30. 450,221 shares of the company's stock traded hands, compared to its average volume of 694,100. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 11.53 and a beta of 0.73. The company's fifty day simple moving average is $17.95 and its 200 day simple moving average is $18.14. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.06.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The company had revenue of $822.31 million for the quarter, compared to the consensus estimate of $769.39 million. During the same period last year, the business posted $0.37 earnings per share. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

About Nomad Foods

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.