Two Sigma Investments LP Buys 357,443 Shares of Nomad Foods Limited (NYSE:NOMD)

Two Sigma Investments LP grew its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 60.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 948,389 shares of the company's stock after purchasing an additional 357,443 shares during the period. Two Sigma Investments LP owned about 0.58% of Nomad Foods worth $15,914,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NOMD. Norges Bank acquired a new stake in shares of Nomad Foods in the fourth quarter worth $27,386,000. Raymond James Financial Inc. acquired a new stake in shares of Nomad Foods in the fourth quarter worth $11,967,000. Brown Advisory Inc. boosted its position in shares of Nomad Foods by 5.2% in the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock worth $140,552,000 after buying an additional 410,455 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Nomad Foods by 62.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock worth $12,753,000 after buying an additional 291,258 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock worth $38,968,000 after buying an additional 253,086 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Stock Down 1.2%

NOMD traded down $0.21 during trading on Wednesday, reaching $17.29. 231,266 shares of the stock traded hands, compared to its average volume of 669,928. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 13.01 and a beta of 0.81. 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 debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The stock's 50-day simple moving average is $19.07 and its two-hundred day simple moving average is $18.19.

Nomad Foods (NYSE:NOMD - Get Free Report) last released 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). The firm had revenue of $822.31 million for 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%. Nomad Foods's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. As a group, equities research analysts expect that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.93%. Nomad Foods's dividend payout ratio (DPR) is currently 45.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays lifted 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, Mizuho lifted their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th.

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.