Nomad Foods Limited (NYSE:NOMD) Position Boosted by Polaris Capital Management LLC

Polaris Capital Management LLC increased its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,397,400 shares of the company's stock after purchasing an additional 668,100 shares during the period. Nomad Foods makes up about 2.8% of Polaris Capital Management LLC's holdings, making the stock its 4th biggest position. Polaris Capital Management LLC owned 1.95% of Nomad Foods worth $57,586,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NOMD. Nomura Holdings Inc. bought a new position in shares of Nomad Foods during the 3rd quarter worth about $835,000. Parkside Financial Bank & Trust acquired a new stake in Nomad Foods in the fourth quarter valued at approximately $26,000. Victory Capital Management Inc. grew its stake in Nomad Foods by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,698,163 shares of the company's stock valued at $28,784,000 after acquiring an additional 195,485 shares during the period. Paradice Investment Management LLC increased its holdings in shares of Nomad Foods by 13.9% during the third quarter. Paradice Investment Management LLC now owns 2,522,621 shares of the company's stock valued at $38,394,000 after acquiring an additional 307,496 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Nomad Foods by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 842,880 shares of the company's stock worth $12,829,000 after purchasing an additional 28,210 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Up 0.8 %

Shares of NYSE:NOMD traded up $0.16 during mid-day trading on Friday, hitting $19.08. 1,327,572 shares of the company traded hands, compared to its average volume of 636,554. The stock has a 50-day moving average price of $18.98 and a two-hundred day moving average price of $17.60. Nomad Foods Limited has a 12-month low of $13.56 and a 12-month high of $20.05. The stock has a market cap of $3.10 billion, a P/E ratio of 15.90 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 (NYSE:NOMD - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $761.00 million for the quarter, compared to analysts' expectations of $766.56 million. Nomad Foods had a return on equity of 9.67% and a net margin of 6.10%. During the same period last year, the business earned $0.34 EPS. On average, equities research analysts forecast that Nomad Foods Limited will post 1.9 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 9th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, May 8th. Nomad Foods's dividend payout ratio (DPR) is currently 50.00%.

Analyst Ratings Changes

Several research firms recently issued reports on NOMD. Mizuho lifted their price target on shares of Nomad Foods from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Friday. Barclays boosted their target price 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 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.