Vident Advisory LLC Grows Holdings in Nomad Foods Limited $NOMD

Key Points

• Vident Advisory LLC increased its stake in Nomad Foods Limited by 5.1% in the first quarter, acquiring an additional 27,208 shares to bring its total holdings to approximately 563,744 shares worth about $11.08 million.
• Nomad Foods reported earnings of $0.45 per share for the last quarter, exceeding estimates and achieving revenues of $879.27 million, despite a year-over-year decrease of 0.8%.
• The company recently declared a dividend of $0.17 per share, translating to an annual yield of 4.4% and a payout ratio of 46.58%.

Vident Advisory LLC lifted its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 563,744 shares of the company's stock after buying an additional 27,208 shares during the period. Vident Advisory LLC owned about 0.37% of Nomad Foods worth $11,078,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NOMD. Summit Securities Group LLC acquired a new position in shares of Nomad Foods during the 1st quarter worth about $32,000. Tower Research Capital LLC TRC boosted its stake in shares of Nomad Foods by 13,508.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company's stock worth $107,000 after buying an additional 6,349 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Nomad Foods during the 4th quarter worth about $134,000. Boothbay Fund Management LLC acquired a new position in shares of Nomad Foods during the 4th quarter worth about $181,000. Finally, State of Wyoming raised its holdings in shares of Nomad Foods by 56.6% in the 1st quarter. State of Wyoming now owns 9,466 shares of the company's stock valued at $186,000 after purchasing an additional 3,421 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Trading Down 2.0%

NYSE NOMD traded down $0.31 during mid-day trading on Thursday, reaching $15.04. 253,176 shares of the stock were exchanged, compared to its average volume of 823,286. Nomad Foods Limited has a one year low of $14.72 and a one year high of $20.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.63. The stock has a market cap of $2.31 billion, a P/E ratio of 10.30 and a beta of 0.70. The stock has a 50 day simple moving average of $16.52 and a 200-day simple moving average of $17.98.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The firm had revenue of $879.27 million during the quarter, compared to the consensus estimate of $762.81 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business's revenue was down .8% compared to the same quarter last year. On average, analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, August 11th. Nomad Foods's payout ratio is 46.58%.

Analyst Ratings Changes

NOMD has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Nomad Foods from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Barclays dropped their target price on shares of Nomad Foods from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $20.33.

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.