Entropy Technologies LP Has $193,000 Position in Nomad Foods Limited $NOMD

Entropy Technologies LP cut its holdings in Nomad Foods Limited (NYSE:NOMD) by 44.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,364 shares of the company’s stock after selling 9,257 shares during the quarter. Entropy Technologies LP’s holdings in Nomad Foods were worth $193,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NOMD. Meritage Portfolio Management acquired a new stake in Nomad Foods during the 2nd quarter worth approximately $6,599,000. Ameriprise Financial Inc. increased its position in shares of Nomad Foods by 46.2% during the first quarter. Ameriprise Financial Inc. now owns 1,851,199 shares of the company’s stock worth $36,376,000 after acquiring an additional 585,054 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Nomad Foods during the second quarter worth $448,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Nomad Foods by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,211,211 shares of the company’s stock worth $23,800,000 after acquiring an additional 70,344 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Nomad Foods in the 1st quarter valued at $1,550,000. 75.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NOMD shares. Zacks Research cut Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research report on Friday, October 31st. Mizuho dropped their target price on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. BTIG Research restated a “buy” rating and issued a $18.00 target price on shares of Nomad Foods in a research note on Monday, November 10th. Finally, Barclays decreased their price target on shares of Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Three 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.67.

Nomad Foods Stock Performance

NOMD opened at $12.15 on Thursday. Nomad Foods Limited has a 52-week low of $11.04 and a 52-week high of $20.81. The firm has a market capitalization of $1.86 billion, a PE ratio of 8.32 and a beta of 0.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02. The business’s 50-day simple moving average is $12.29 and its 200 day simple moving average is $15.10.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The company had revenue of $881.94 million during the quarter, compared to the consensus estimate of $760.75 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, November 10th. Nomad Foods’s payout ratio is presently 47.22%.

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.