Applied Fundamental Research LLC Acquires 22,872 Shares of Nomad Foods Limited (NYSE:NOMD)

Applied Fundamental Research LLC lifted its stake in shares of Nomad Foods Limited (NYSE:NOMDFree Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 927,791 shares of the company’s stock after purchasing an additional 22,872 shares during the quarter. Nomad Foods comprises about 12.2% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 3rd largest holding. Applied Fundamental Research LLC’s holdings in Nomad Foods were worth $15,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NOMD. Raymond James Financial Inc. bought a new position in Nomad Foods during the 4th quarter valued at $11,967,000. Thompson Siegel & Walmsley LLC boosted its stake in Nomad Foods by 62.1% during the fourth 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. Loomis Sayles & Co. L P grew its holdings in Nomad Foods by 25.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after acquiring an additional 289,090 shares during the period. Perpetual Ltd raised its position 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 acquiring an additional 282,175 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Nomad Foods by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after acquiring an additional 253,086 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Up 0.5 %

NOMD stock opened at $19.53 on Monday. 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 firm has a market capitalization of $3.00 billion, a P/E ratio of 14.68 and a beta of 0.77. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The company’s 50 day simple moving average is $17.99 and its 200-day simple moving average is $17.91.

Nomad Foods Increases Dividend

The firm 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. The ex-dividend date was Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio is presently 45.03%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Mizuho boosted their target price on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th.

View Our Latest Analysis on NOMD

Nomad Foods Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NOMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nomad Foods Limited (NYSE:NOMDFree Report).

Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.