Rockefeller Capital Management L.P. Sells 94,063 Shares of Nomad Foods Limited (NYSE:NOMD)

Rockefeller Capital Management L.P. reduced its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,555 shares of the company's stock after selling 94,063 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.07% of Nomad Foods worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NOMD. Blue Trust Inc. increased its position in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock worth $59,000 after acquiring an additional 1,448 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after acquiring an additional 670 shares during the period. Headlands Technologies LLC acquired a new position in Nomad Foods in the fourth quarter valued at about $76,000. R Squared Ltd bought a new stake in Nomad Foods during the fourth quarter worth about $83,000. Finally, Venturi Wealth Management LLC bought a new position in Nomad Foods in the fourth quarter valued at approximately $124,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NOMD has been the subject of a number of research analyst reports. Mizuho boosted their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Barclays raised their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, StockNews.com raised shares of Nomad Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 11th.

Nomad Foods Trading Down 1.1 %

Shares of NYSE:NOMD traded down $0.21 during midday trading on Friday, hitting $19.13. 445,526 shares of the stock were exchanged, compared to its average volume of 667,953. The business's 50-day moving average price is $19.40 and its 200 day moving average price is $18.01. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.38 and a beta of 0.83.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, February 10th. This represents a $0.68 annualized dividend and a dividend yield of 3.55%. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio (DPR) is presently 45.03%.

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.