Voloridge Investment Management LLC Raises Position in Nomad Foods Limited (NYSE:NOMD)

Voloridge Investment Management LLC raised its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 524,105 shares of the company's stock after purchasing an additional 66,013 shares during the period. Voloridge Investment Management LLC owned 0.32% of Nomad Foods worth $8,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NOMD. Norges Bank bought a new position in shares of Nomad Foods during the fourth quarter valued at approximately $27,386,000. Raymond James Financial Inc. bought a new position in shares of Nomad Foods during the fourth quarter valued at approximately $11,967,000. Vident Advisory LLC bought a new position in shares of Nomad Foods during the fourth quarter valued at approximately $9,003,000. Brown Advisory Inc. increased its stake in shares of 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 in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Nomad Foods by 41.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,265,000 shares of the company's stock valued at $21,227,000 after purchasing an additional 373,800 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Down 0.5%

Shares of NYSE:NOMD traded down $0.08 during trading on Tuesday, reaching $17.52. 1,497,158 shares of the stock traded hands, compared to its average volume of 671,616. The stock has a 50-day moving average of $19.07 and a two-hundred day moving average of $18.19. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The stock has a market cap of $2.69 billion, a P/E ratio of 13.17 and a beta of 0.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its 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 return on equity of 10.38% and a net margin of 6.54%. The company had revenue of $822.31 million during the quarter, compared to analysts' expectations of $769.39 million. During the same quarter in the prior year, the business posted $0.37 EPS. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.88%. The ex-dividend date is Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.33%.

Wall Street Analyst Weigh In

NOMD has been the subject of a number of analyst reports. Mizuho raised their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Barclays increased their price target 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.