Russell Investments Group Ltd. Has $7.92 Million Holdings in Nomad Foods Limited (NYSE:NOMD)

Russell Investments Group Ltd. decreased its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 62.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472,002 shares of the company's stock after selling 776,155 shares during the period. Russell Investments Group Ltd. owned approximately 0.29% of Nomad Foods worth $7,920,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NOMD. HighTower Advisors LLC bought a new position in Nomad Foods during the 3rd quarter worth $218,000. State Street Corp raised its stake in Nomad Foods by 0.6% in the third quarter. State Street Corp now owns 182,004 shares of the company's stock valued at $3,469,000 after purchasing an additional 1,018 shares in the last quarter. XTX Topco Ltd acquired a new stake in Nomad Foods during the third quarter worth about $219,000. Orion Portfolio Solutions LLC raised its position in shares of Nomad Foods by 4.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 38,688 shares of the company's stock valued at $737,000 after buying an additional 1,552 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock worth $40,000 after acquiring an additional 800 shares during the period. Institutional investors own 75.26% of the company's stock.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of research analyst reports. Barclays raised their target price on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. StockNews.com raised shares of Nomad Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Mizuho lifted 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.

Nomad Foods Trading Up 1.9 %

Shares of NOMD stock traded up $0.37 during mid-day trading on Friday, reaching $19.62. 1,207,777 shares of the stock traded hands, compared to its average volume of 628,918. The stock's fifty day simple moving average is $19.24 and its two-hundred day simple moving average is $17.97. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 14.75 and a beta of 0.83.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, February 10th. This represents a $0.68 annualized dividend and a dividend yield of 3.47%. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio (DPR) is presently 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.