Invesco Ltd. Decreases Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Invesco Ltd. trimmed its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 72.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,429 shares of the company's stock after selling 169,926 shares during the quarter. Invesco Ltd.'s holdings in Nomad Foods were worth $1,064,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in Nomad Foods by 21.7% in 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. Blue Trust Inc. lifted its holdings 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 acquiring an additional 1,448 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Nomad Foods by 5.2% in the 4th quarter. Handelsbanken Fonder AB now owns 42,800 shares of the company's stock worth $718,000 after buying an additional 2,100 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Nomad Foods by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock worth $459,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Nomad Foods by 53.7% in the third quarter. Barclays PLC now owns 7,681 shares of the company's stock valued at $146,000 after buying an additional 2,682 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Price Performance

Shares of Nomad Foods stock traded down $0.14 during trading hours on Monday, hitting $20.00. The company's stock had a trading volume of 794,932 shares, compared to its average volume of 640,750. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.97. The business has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $18.10. The company has a market cap of $3.07 billion, a PE ratio of 15.03 and a beta of 0.81.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders 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 yield of 3.40%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is 45.03%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOMD shares. Mizuho raised 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. Barclays boosted their price objective 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. Finally, StockNews.com cut Nomad Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 25th.

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.