Two Sigma Advisers LP Acquires 373,800 Shares of Nomad Foods Limited (NYSE:NOMD)

Two Sigma Advisers LP lifted its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,265,000 shares of the company's stock after purchasing an additional 373,800 shares during the period. Two Sigma Advisers LP owned 0.78% of Nomad Foods worth $21,227,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NOMD. Parkside Financial Bank & Trust raised its stake in shares of 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 acquiring an additional 670 shares in the last quarter. Legal & General Group Plc raised its holdings in Nomad Foods by 3.3% in the 4th quarter. Legal & General Group Plc now owns 25,392 shares of the company's stock worth $426,000 after acquiring an additional 800 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Nomad Foods by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,320 shares of the company's stock worth $1,650,000 after acquiring an additional 1,270 shares during the period. Blue Trust Inc. lifted its position in Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Nomad Foods by 5.2% during the fourth quarter. Handelsbanken Fonder AB now owns 42,800 shares of the company's stock valued at $718,000 after acquiring an additional 2,100 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Performance

Nomad Foods stock traded down $0.06 during trading hours on Friday, hitting $17.60. The stock had a trading volume of 716,440 shares, compared to its average volume of 666,993. The company has a 50-day moving average of $19.15 and a two-hundred day moving average of $18.18. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company has a market cap of $2.70 billion, a PE ratio of 13.23 and a beta of 0.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $769.39 million. During the same period in the previous year, the business posted $0.37 earnings per share. Nomad Foods's revenue was down 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be paid a $0.17 dividend. 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 dividend payout ratio is currently 45.33%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Mizuho boosted their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Barclays increased their price objective on 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 lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Nomad Foods Company 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.