Massachusetts Financial Services Co. MA Grows Holdings in Nomad Foods Limited (NYSE:NOMD)

Massachusetts Financial Services Co. MA grew its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,257,429 shares of the company’s stock after buying an additional 2,852 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Nomad Foods were worth $54,660,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in Nomad Foods in the fourth quarter valued at $27,386,000. Raymond James Financial Inc. bought a new position in shares of Nomad Foods during the 4th quarter valued at about $11,967,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of Nomad Foods by 62.1% during the 4th 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. Perpetual Ltd lifted its position in Nomad Foods by 64.9% in the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after buying an additional 282,175 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock worth $38,968,000 after buying an additional 253,086 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on NOMD shares. Mizuho lifted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd.

Nomad Foods Price Performance

Shares of Nomad Foods stock opened at $19.40 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. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The business’s 50 day simple moving average is $18.92 and its two-hundred day simple moving average is $17.97. The stock has a market capitalization of $2.98 billion, a P/E ratio of 14.59 and a beta of 0.83.

Nomad Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a dividend of $0.17 per share. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, February 10th. Nomad Foods’s dividend payout ratio is currently 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.