Nomad Foods Limited (NYSE:NOMD) Stake Boosted by Townsend & Associates Inc

Townsend & Associates Inc boosted its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 102.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,402,280 shares of the company's stock after acquiring an additional 708,489 shares during the period. Nomad Foods makes up approximately 3.0% of Townsend & Associates Inc's investment portfolio, making the stock its 10th largest holding. Townsend & Associates Inc owned 0.80% of Nomad Foods worth $24,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its holdings in Nomad Foods by 10.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company's stock worth $199,000 after purchasing an additional 1,229 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in Nomad Foods during the 4th quarter worth approximately $26,000. NBC Securities Inc. bought a new position in shares of Nomad Foods during the 3rd quarter worth approximately $31,000. Quantbot Technologies LP grew its stake in shares of Nomad Foods by 160.0% during the 3rd quarter. Quantbot Technologies LP now owns 9,675 shares of the company's stock worth $147,000 after acquiring an additional 5,954 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Nomad Foods by 2.0% in the third quarter. California Public Employees Retirement System now owns 303,611 shares of the company's stock valued at $4,621,000 after purchasing an additional 6,061 shares during the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nomad Foods Stock Up 6.0 %

Shares of Nomad Foods stock traded up $1.07 on Thursday, reaching $18.92. 2,479,514 shares of the company were exchanged, compared to its average volume of 652,458. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.45 and a beta of 0.77. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. Nomad Foods Limited has a one year low of $13.56 and a one year high of $20.05. The company has a 50-day moving average of $18.98 and a 200 day moving average of $17.50.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results 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 net margin of 6.34% and a return on equity of 10.41%. The firm had revenue of $761.00 million for the quarter, compared to analyst estimates of $766.56 million. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, equities research analysts forecast that Nomad Foods Limited will post 1.91 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, May 8th. Nomad Foods's dividend payout ratio (DPR) 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.