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

Systematic Financial Management LP grew its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.90% of Nomad Foods worth $24,662,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NOMD. Blue Trust Inc. boosted its holdings in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,448 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Nomad Foods during the 4th quarter worth approximately $62,000. Parkside Financial Bank & Trust boosted its stake in Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after buying an additional 670 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Nomad Foods in the 4th quarter valued at $76,000. Finally, R Squared Ltd bought a new stake in Nomad Foods in the fourth quarter valued at $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Price Performance

Nomad Foods stock traded up $0.08 on Tuesday, reaching $18.01. The company's stock had a trading volume of 479,097 shares, compared to its average volume of 657,051. The business's fifty day moving average price is $19.27 and its 200 day moving average price 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. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 13.54 and a beta of 0.81. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly 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 net margin of 6.54% and a return on equity of 10.38%. The business had revenue of $822.31 million during the quarter, compared to the consensus estimate of $769.39 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business's quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 3.78%. Nomad Foods's dividend payout ratio (DPR) is currently 45.33%.

Analysts Set New Price Targets

NOMD has been the subject of a number of analyst reports. Mizuho lifted their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. StockNews.com downgraded shares of Nomad Foods from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Barclays upped their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd.

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.