Systematic Financial Management LP Acquires 202,639 Shares of Nomad Foods Limited (NYSE:NOMD)

Systematic Financial Management LP lifted its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,469,737 shares of the company's stock after acquiring an additional 202,639 shares during the quarter. Systematic Financial Management LP owned approximately 0.90% of Nomad Foods worth $24,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NOMD. Norges Bank purchased a new position in Nomad Foods in the fourth quarter valued at about $27,386,000. Raymond James Financial Inc. acquired a new stake in shares of Nomad Foods during the 4th quarter valued at about $11,967,000. Brown Advisory Inc. lifted its holdings in shares of Nomad Foods by 5.2% during the 4th quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock valued at $140,552,000 after buying an additional 410,455 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Nomad Foods by 62.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock valued at $12,753,000 after buying an additional 291,258 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company's stock worth $12,032,000 after buying an additional 282,175 shares during the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Stock Down 1.1%

Shares of NYSE NOMD traded down $0.20 during mid-day trading on Thursday, reaching $17.70. 774,326 shares of the company traded hands, compared to its average volume of 663,534. The company's fifty day moving average is $19.24 and its two-hundred day moving average is $18.18. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The stock has a market cap of $2.72 billion, a PE ratio of 13.29 and a beta of 0.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The company had revenue of $822.31 million for the quarter, compared to the consensus estimate of $769.39 million. During the same period in the previous year, the company earned $0.37 EPS. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is 45.33%.

Analyst Ratings Changes

A number of research firms have issued reports on NOMD. Mizuho lifted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Wall Street Zen lowered shares of Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, 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 report on Monday, March 3rd.

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.