Voloridge Investment Management LLC Has $8.79 Million Position in Nomad Foods Limited (NYSE:NOMD)

Voloridge Investment Management LLC lifted its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 524,105 shares of the company's stock after purchasing an additional 66,013 shares during the period. Voloridge Investment Management LLC owned about 0.32% of Nomad Foods worth $8,794,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NOMD. Fenimore Asset Management Inc increased its stake in shares of Nomad Foods by 5.6% during the fourth quarter. Fenimore Asset Management Inc now owns 1,035,044 shares of the company's stock worth $17,368,000 after acquiring an additional 54,742 shares during the period. Blue Trust Inc. increased its position in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after purchasing an additional 1,448 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Nomad Foods in the fourth quarter worth $83,000. Empowered Funds LLC acquired a new stake in shares of Nomad Foods in the fourth quarter worth $317,000. Finally, Vontobel Holding Ltd. bought a new position in Nomad Foods during the 4th quarter valued at $222,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NOMD has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Mizuho boosted their price target 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. Finally, Barclays lifted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded down $0.07 on Friday, hitting $17.41. 162,620 shares of the company were exchanged, compared to its average volume of 670,001. Nomad Foods Limited has a one year low of $15.43 and a one year 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 firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.08 and a beta of 0.81. The company's 50 day moving average price is $18.99 and its two-hundred day moving average price is $18.19.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. The company had revenue of $822.31 million for the quarter, compared to the consensus estimate of $769.39 million. During the same period last year, the company earned $0.37 earnings per share. Nomad Foods's revenue for the quarter was down 3.0% compared to the same quarter last year. Research analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.91%. Nomad Foods's payout ratio is 45.33%.

About Nomad Foods

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.