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:NOMD) 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.

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.