Graham Capital Management L.P. Buys Shares of 30,109 Nomad Foods Limited (NYSE:NOMD)

Graham Capital Management L.P. purchased a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,109 shares of the company's stock, valued at approximately $505,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Nomad Foods by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock valued at $15,671,000 after buying an additional 33,058 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nomad Foods by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company's stock valued at $19,144,000 after acquiring an additional 114,026 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Nomad Foods during the 4th quarter worth $11,967,000. PNC Financial Services Group Inc. raised its position in Nomad Foods by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock valued at $459,000 after purchasing an additional 2,535 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in Nomad Foods by 0.6% in 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 last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $18.16 on Friday. The stock has a market capitalization of $2.79 billion, a PE ratio of 13.65 and a beta of 0.81. The business's 50 day simple moving average is $19.38 and its 200 day simple moving average is $18.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a net margin of 6.54% and a return on equity of 10.38%. The firm had revenue of $822.31 million during the quarter, compared to the consensus estimate of $769.39 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current 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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.74%. Nomad Foods's payout ratio is presently 45.33%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NOMD shares. Mizuho upped their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. StockNews.com cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays lifted their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd.

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.

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