Allspring Global Investments Holdings LLC Sells 923,102 Shares of Nomad Foods Limited (NYSE:NOMD)

Allspring Global Investments Holdings LLC lessened its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,107,800 shares of the company's stock after selling 923,102 shares during the quarter. Allspring Global Investments Holdings LLC owned 4.07% of Nomad Foods worth $120,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NOMD. Boston Partners boosted its holdings in Nomad Foods by 41.3% in the 3rd quarter. Boston Partners now owns 5,518,260 shares of the company's stock valued at $83,988,000 after purchasing an additional 1,613,315 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Nomad Foods by 10.7% during the 1st quarter. Wellington Management Group LLP now owns 15,574,393 shares of the company's stock valued at $351,670,000 after acquiring an additional 1,501,225 shares during the period. Norges Bank acquired a new stake in shares of Nomad Foods during the 4th quarter valued at approximately $22,913,000. State Street Corp lifted its position in shares of Nomad Foods by 595.3% during the 1st quarter. State Street Corp now owns 876,307 shares of the company's stock valued at $19,787,000 after acquiring an additional 750,281 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Nomad Foods by 369.9% during the 2nd quarter. Millennium Management LLC now owns 853,501 shares of the company's stock valued at $17,061,000 after acquiring an additional 671,874 shares during the period. Hedge funds and other institutional investors own 75.26% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price target on shares of Nomad Foods from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, February 2nd.

Nomad Foods Price Performance

Shares of Nomad Foods stock traded down $0.23 during trading on Tuesday, hitting $18.78. 396,037 shares of the company were exchanged, compared to its average volume of 663,242. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.82. Nomad Foods Limited has a fifty-two week low of $13.56 and a fifty-two week high of $20.05. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 15.27 and a beta of 0.75. The firm has a 50 day moving average price of $18.81 and a 200 day moving average price of $17.00.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. The firm had revenue of $761.00 million during the quarter, compared to the consensus estimate of $766.56 million. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities analysts expect that Nomad Foods Limited will post 1.91 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.19%. Nomad Foods's dividend payout ratio is presently 48.78%.

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.