Nomad Foods Limited (NYSE:NOMD – Get Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 2,090,000 shares, a decrease of 25.1% from the February 13th total of 2,790,000 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 697,400 shares, the days-to-cover ratio is currently 3.0 days.
Nomad Foods Stock Up 1.6 %
Shares of Nomad Foods stock traded up $0.32 during trading on Monday, hitting $19.83. 606,686 shares of the stock were exchanged, compared to its average volume of 596,639. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 14.91 and a beta of 0.77. The firm’s 50-day moving average price is $17.99 and its 200 day moving average price is $17.91. Nomad Foods has a 12-month low of $15.43 and a 12-month high of $20.81. 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 Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid 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 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is currently 45.03%.
Institutional Investors Weigh In On Nomad Foods
Analysts Set New Price Targets
NOMD has been the topic of a number of research reports. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Mizuho lifted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Finally, Barclays lifted their price objective 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.
View Our Latest Stock Report on NOMD
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.
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