Deutsche Bank AG trimmed its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,113,164 shares of the company's stock after selling 467,723 shares during the period. Deutsche Bank AG owned 0.68% of Nomad Foods worth $18,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its stake in Nomad Foods by 5.2% during the 4th 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 during the last quarter. Alliancebernstein L.P. increased its holdings in Nomad Foods by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company's stock worth $129,346,000 after buying an additional 187,146 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Nomad Foods by 2.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company's stock worth $70,077,000 after buying an additional 86,897 shares during the last quarter. River Road Asset Management LLC raised its position in Nomad Foods by 0.6% during the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after buying an additional 24,775 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after acquiring an additional 253,086 shares during the period. Hedge funds and other institutional investors own 75.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on NOMD. StockNews.com lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Mizuho increased their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Finally, Barclays lifted their price objective on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd.
View Our Latest Research Report on NOMD
Nomad Foods Price Performance
Shares of NYSE NOMD opened at $17.91 on Thursday. 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 stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.47 and a beta of 0.81. The firm's 50 day simple moving average is $19.47 and its 200-day simple moving average is $18.17. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81.
Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The firm had revenue of $822.31 million for the quarter, compared to analysts' expectations of $769.39 million. During the same period last year, the company posted $0.37 earnings per share. The business's quarterly revenue was down 3.0% on a year-over-year basis. Analysts expect that Nomad Foods Limited will post 1.82 EPS for the current year.
Nomad Foods Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.
Nomad Foods Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NOMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nomad Foods Limited (NYSE:NOMD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nomad Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nomad Foods wasn't on the list.
While Nomad Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
