Nomad Foods Limited (NYSE:NOMD) Short Interest Down 14.5% in April

Nomad Foods Limited (NYSE:NOMD - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,060,000 shares, a decline of 14.5% from the March 31st total of 1,240,000 shares. Based on an average trading volume of 696,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Nomad Foods by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock worth $15,671,000 after purchasing an additional 33,058 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Nomad Foods by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company's stock valued at $19,144,000 after acquiring an additional 114,026 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Nomad Foods in the fourth quarter valued at approximately $11,967,000. PNC Financial Services Group Inc. grew its position in Nomad Foods by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock worth $459,000 after acquiring an additional 2,535 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in shares of 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 purchasing an additional 24,775 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Trading Up 1.9 %

Shares of Nomad Foods stock opened at $20.09 on Friday. The business has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $18.10. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 15.11 and a beta of 0.83. Nomad Foods has a fifty-two week low of $15.43 and a fifty-two week 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.

Nomad Foods Dividend Announcement

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 annualized dividend and a yield of 3.38%. The ex-dividend date is Monday, May 12th. Nomad Foods's payout ratio is 45.03%.

Wall Street Analyst Weigh In

NOMD has been the subject of a number of analyst reports. Mizuho boosted their target price 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. StockNews.com downgraded Nomad Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Barclays increased their price target on Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd.

Nomad Foods Company 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.

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