Nomad Foods Limited (NYSE:NOMD) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 60.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 948,389 shares of the company's stock after purchasing an additional 357,443 shares during the quarter. Two Sigma Investments LP owned approximately 0.58% of Nomad Foods worth $15,914,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after acquiring an additional 670 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Nomad Foods by 3.3% during 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 grew its stake in shares of Nomad Foods by 1.3% during the 4th 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 period. Blue Trust Inc. increased its stake in 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 during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Nomad Foods by 5.2% during the 4th quarter. Handelsbanken Fonder AB now owns 42,800 shares of the company's stock worth $718,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

Analyst Ratings Changes

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

Nomad Foods Stock Up 0.1%

Shares of NOMD traded up $0.02 during trading on Tuesday, reaching $17.62. The company's stock had a trading volume of 478,757 shares, compared to its average volume of 668,449. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 13.25 and a beta of 0.81. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $19.11 and a two-hundred day moving average of $18.19. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. The company had revenue of $822.31 million during the quarter, compared to analyst estimates of $769.39 million. During the same period in the prior year, the company earned $0.37 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts predict that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.86%. Nomad Foods's dividend payout ratio (DPR) is 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.