Nebula Research & Development LLC Sells 15,078 Shares of Nomad Foods Limited (NYSE:NOMD)

Nebula Research & Development LLC cut its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,133 shares of the company's stock after selling 15,078 shares during the period. Nebula Research & Development LLC's holdings in Nomad Foods were worth $506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,448 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after purchasing an additional 670 shares during the period. Headlands Technologies LLC bought a new stake in shares of Nomad Foods in the 4th quarter worth $76,000. R Squared Ltd acquired a new stake in shares of Nomad Foods in the fourth quarter valued at $83,000. Finally, Tower Research Capital LLC TRC boosted its position 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 valued at $107,000 after purchasing an additional 6,349 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho upped their price objective 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 raised their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, StockNews.com lowered Nomad Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 25th.

Nomad Foods Stock Up 0.2 %

Shares of NOMD traded up $0.04 during midday trading on Monday, reaching $20.17. 148,571 shares of the stock were exchanged, compared to its average volume of 637,619. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 15.17 and a beta of 0.81. The firm has a 50 day simple moving average of $19.53 and a 200-day simple moving average of $18.10. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.97. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio is 45.03%.

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.