Nomad Foods Limited (NYSE:NOMD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 44.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 334,338 shares of the company's stock after selling 265,727 shares during the period. New York State Common Retirement Fund owned about 0.19% of Nomad Foods worth $5,667,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NOMD. Nomura Holdings Inc. purchased a new position in shares of Nomad Foods during the 3rd quarter worth approximately $835,000. Paradice Investment Management LLC grew its holdings in shares of Nomad Foods by 13.9% during the 3rd quarter. Paradice Investment Management LLC now owns 2,522,621 shares of the company's stock worth $38,394,000 after acquiring an additional 307,496 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nomad Foods by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 842,880 shares of the company's stock valued at $12,829,000 after buying an additional 28,210 shares during the period. Fenimore Asset Management Inc. lifted its holdings in shares of Nomad Foods by 7.1% during the 4th quarter. Fenimore Asset Management Inc. now owns 952,358 shares of the company's stock valued at $16,142,000 after buying an additional 63,465 shares during the period. Finally, Townsend & Associates Inc lifted its holdings in shares of Nomad Foods by 54.1% during the 3rd quarter. Townsend & Associates Inc now owns 693,791 shares of the company's stock valued at $10,559,000 after buying an additional 243,640 shares during the period. Hedge funds and other institutional investors own 75.26% of the company's stock.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded up $0.01 during midday trading on Friday, hitting $18.09. The company had a trading volume of 362,990 shares, compared to its average volume of 503,400. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 0.70. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 14.71 and a beta of 0.77. Nomad Foods Limited has a 12-month low of $13.56 and a 12-month high of $20.05. The company has a fifty day moving average of $19.02 and a two-hundred day moving average of $17.45.

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

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.32%. Nomad Foods's payout ratio is presently 48.78%.

Wall Street Analyst Weigh In

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

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.