Two Sigma Advisers LP Raises Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Two Sigma Advisers LP grew its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,265,000 shares of the company's stock after buying an additional 373,800 shares during the quarter. Two Sigma Advisers LP owned 0.78% of Nomad Foods worth $21,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NOMD. Blue Trust Inc. increased its holdings in Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,448 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the fourth quarter valued at approximately $62,000. Parkside Financial Bank & Trust increased its stake in shares of Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after purchasing an additional 670 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Nomad Foods during the 4th quarter worth approximately $76,000. Finally, R Squared Ltd purchased a new stake in Nomad Foods in the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Trading Down 0.3%

NOMD stock traded down $0.06 on Monday, hitting $17.60. 716,440 shares of the company were exchanged, compared to its average volume of 668,301. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The business's fifty day moving average is $19.15 and its two-hundred day moving average is $18.19. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its earnings results 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 return on equity of 10.38% and a net margin of 6.54%. The business had revenue of $822.31 million for the quarter, compared to analyst estimates of $769.39 million. During the same period last year, the company posted $0.37 EPS. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 3.86%. Nomad Foods's payout ratio is currently 45.33%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays increased their price objective on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, Mizuho boosted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th.

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.