Triodos Investment Management BV Increases Holdings in Nomad Foods Limited (NYSE:NOMD)

Triodos Investment Management BV grew its holdings in Nomad Foods Limited (NYSE:NOMD) by 0.2% during the fourth quarter, HoldingsChannel reports. The fund owned 973,079 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Triodos Investment Management BV’s holdings in Nomad Foods were worth $16,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Nomad Foods by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company’s stock valued at $19,144,000 after acquiring an additional 114,026 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Nomad Foods during the 4th quarter worth approximately $11,967,000. River Road Asset Management LLC increased its position in Nomad Foods by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company’s stock worth $67,866,000 after buying an additional 24,775 shares during the period. PNC Financial Services Group Inc. lifted its stake in Nomad Foods by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company’s stock valued at $459,000 after buying an additional 2,535 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in shares of Nomad Foods by 11.5% in the third quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock valued at $24,151,000 after acquiring an additional 130,792 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays lifted their target price 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. Mizuho upped their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $19.67 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company has a market cap of $3.02 billion, a PE ratio of 14.79 and a beta of 0.77. The stock has a fifty day moving average price of $18.56 and a 200 day moving average price of $17.96. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a $0.17 dividend. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, February 10th. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. Nomad Foods’s payout ratio 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.