Nomad Foods Limited (NYSE:NOMD) Short Interest Update

Nomad Foods Limited (NYSE:NOMD) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,790,000 shares, an increase of 31.6% from the January 31st total of 2,120,000 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 672,700 shares, the days-to-cover ratio is presently 4.1 days.

Nomad Foods Trading Up 1.6 %

Shares of NOMD stock opened at $20.61 on Thursday. The company has a market capitalization of $3.36 billion, a PE ratio of 15.49 and a beta of 0.77. Nomad Foods has a 52-week low of $15.43 and a 52-week high of $20.81. The business’s fifty day moving average is $17.52 and its 200 day moving average is $17.84. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio (DPR) is 45.03%.

Analysts Set New Price Targets

NOMD has been the subject of several analyst reports. Mizuho raised their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays raised their target price on Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its position in Nomad Foods by 61.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Nomad Foods during the 4th quarter worth $62,000. Blue Trust Inc. grew its position in Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,448 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock valued at $63,000 after acquiring an additional 670 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after purchasing an additional 804 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

About Nomad Foods

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.