Allianz Asset Management GmbH Has $2.17 Million Holdings in Nomad Foods Limited $NOMD

Allianz Asset Management GmbH lessened its stake in Nomad Foods Limited (NYSE:NOMD) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,596 shares of the company’s stock after selling 15,045 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Nomad Foods worth $2,168,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Nomad Foods in the 1st quarter valued at approximately $32,000. State of Wyoming increased its holdings in shares of Nomad Foods by 56.6% during the 1st quarter. State of Wyoming now owns 9,466 shares of the company’s stock worth $186,000 after acquiring an additional 3,421 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Nomad Foods during the 1st quarter worth approximately $196,000. Sciencast Management LP acquired a new position in shares of Nomad Foods during the 1st quarter worth approximately $196,000. Finally, First Bank & Trust acquired a new position in shares of Nomad Foods during the 1st quarter worth approximately $219,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BTIG Research decreased their target price on Nomad Foods from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Barclays decreased their target price on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Nomad Foods in a report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nomad Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

Nomad Foods Stock Performance

Shares of NYSE NOMD opened at $11.83 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.63. The stock’s fifty day moving average price is $13.67 and its two-hundred day moving average price is $16.36. Nomad Foods Limited has a one year low of $11.81 and a one year high of $20.81. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 8.11 and a beta of 0.70.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.The firm had revenue of $879.27 million for the quarter, compared to analyst estimates of $762.81 million. During the same period in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, August 11th. Nomad Foods’s dividend payout ratio is 46.58%.

About Nomad Foods

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.