Fuller & Thaler Asset Management Inc. Sells 42,555 Shares of Nomad Foods Limited (NYSE:NOMD)

Fuller & Thaler Asset Management Inc. lessened its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,005,269 shares of the company's stock after selling 42,555 shares during the period. Fuller & Thaler Asset Management Inc. owned about 3.07% of Nomad Foods worth $83,988,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Nomad Foods by 2.5% in the 4th 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. raised its holdings in shares of Nomad Foods by 2.1% in the 4th 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 raised its holdings in shares of Nomad Foods by 0.6% in the 4th 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. Victory Capital Management Inc. raised its holdings in shares of Nomad Foods by 12.2% in the 4th 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. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Nomad Foods by 17.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company's stock valued at $28,007,000 after purchasing an additional 250,600 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Stock Up 0.6 %

Shares of NOMD traded up $0.11 during trading hours on Tuesday, hitting $19.53. The stock had a trading volume of 198,809 shares, compared to its average volume of 637,568. 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 firm has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $18.04. The firm has a market capitalization of $3.00 billion, a P/E ratio of 14.63 and a beta of 0.83. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a yield of 3.48%. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's payout ratio is 45.03%.

Analyst Ratings Changes

Several research analysts have weighed in on NOMD shares. Mizuho increased 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. StockNews.com downgraded Nomad Foods from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Barclays increased their price target on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd.

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.