Nomad Foods Limited (NYSE:NOMD) Position Cut by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its holdings in Nomad Foods Limited (NYSE:NOMD) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,133 shares of the company’s stock after selling 15,078 shares during the quarter. Nebula Research & Development LLC’s holdings in Nomad Foods were worth $506,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in Nomad Foods by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company’s stock worth $129,346,000 after purchasing an additional 187,146 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Nomad Foods by 2.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company’s stock worth $70,077,000 after purchasing an additional 86,897 shares during the period. River Road Asset Management LLC grew its position in Nomad Foods by 0.6% during the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company’s stock worth $67,866,000 after purchasing an additional 24,775 shares in the last quarter. Victory Capital Management Inc. raised its stake in Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after purchasing an additional 253,086 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Nomad Foods by 17.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company’s stock worth $28,007,000 after buying an additional 250,600 shares during the period. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

Shares of NOMD opened at $19.57 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The company’s fifty day moving average is $19.48 and its 200-day moving average is $18.05. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 14.71 and a beta of 0.83.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio is 45.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays upped their price target on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. StockNews.com lowered shares of Nomad Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 25th. Finally, Mizuho increased their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a 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.