PDT Partners LLC Decreases Position in Nomad Foods Limited (NYSE:NOMD)

PDT Partners LLC reduced its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 28.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,574 shares of the company's stock after selling 40,277 shares during the quarter. PDT Partners LLC owned about 0.06% of Nomad Foods worth $1,738,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Nomad Foods during the 4th quarter valued at approximately $27,386,000. Raymond James Financial Inc. purchased a new stake in shares of Nomad Foods during the fourth quarter worth approximately $11,967,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Nomad Foods by 62.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock worth $12,753,000 after purchasing an additional 291,258 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of Nomad Foods by 64.9% during the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company's stock worth $12,032,000 after purchasing an additional 282,175 shares during the period. Finally, Victory Capital Management Inc. grew its position in 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 buying an additional 253,086 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

Shares of NYSE NOMD traded up $0.38 during trading on Friday, hitting $20.09. 1,159,138 shares of the company were exchanged, compared to its average volume of 638,435. 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 1 year low of $15.43 and a 1 year high of $20.81. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 15.11 and a beta of 0.83. The firm's fifty day moving average price is $19.53 and its 200 day moving average price is $18.10.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.03%.

Analyst Ratings Changes

A number of brokerages have commented on NOMD. StockNews.com downgraded shares of Nomad Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 25th. Barclays increased 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. Finally, Mizuho raised their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th.

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.