Vident Advisory LLC Invests $9 Million in Nomad Foods Limited (NYSE:NOMD)

Vident Advisory LLC purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 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 institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. grew its holdings in Nomad Foods by 5.2% during the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock valued at $140,552,000 after purchasing an additional 410,455 shares during the period. Alliancebernstein L.P. grew its holdings in Nomad Foods by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock valued at $129,346,000 after purchasing an additional 187,146 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Nomad Foods by 2.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock valued at $70,077,000 after purchasing an additional 86,897 shares during the period. River Road Asset Management LLC grew its holdings in Nomad Foods by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock valued at $67,866,000 after purchasing an additional 24,775 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after purchasing an additional 253,086 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Stock Down 0.3%

Shares of Nomad Foods stock traded down $0.06 on Friday, hitting $17.60. The company had a trading volume of 716,440 shares, compared to its average volume of 668,301. The firm has a market capitalization of $2.70 billion, a P/E ratio of 13.23 and a beta of 0.81. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month 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 has a 50-day moving average of $19.15 and a 200-day moving average of $18.19.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $822.31 million during 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%. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. Research analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio is presently 45.33%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho boosted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Barclays boosted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Finally, Wall Street Zen cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a 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.