Vident Advisory LLC Acquires New Shares in Nomad Foods Limited (NYSE:NOMD)

Vident Advisory LLC acquired a new stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 536,536 shares of the company's stock, valued at approximately $9,003,000. Vident Advisory LLC owned 0.33% of Nomad Foods at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NOMD. Blue Trust Inc. raised its stake 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. bought a new stake in Nomad Foods during the 4th quarter valued at $62,000. Parkside Financial Bank & Trust raised its stake in Nomad Foods by 21.7% during 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. Headlands Technologies LLC bought a new stake in Nomad Foods during the 4th quarter valued at $76,000. Finally, R Squared Ltd bought a new stake in Nomad Foods during the 4th quarter valued at $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Down 1.2%

Shares of Nomad Foods stock opened at $17.92 on Tuesday. The stock's fifty day moving average is $19.30 and its 200-day moving average is $18.18. The firm has a market capitalization of $2.75 billion, a PE ratio of 13.47 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. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81.

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

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.79%. Nomad Foods's dividend payout ratio is 45.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NOMD shares. Barclays boosted their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Mizuho boosted their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Nomad Foods 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.

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