Parkside Financial Bank & Trust Takes Position in Nomad Foods Limited (NYSE:NOMD)

Parkside Financial Bank & Trust purchased a new position in Nomad Foods Limited (NYSE:NOMD) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,545 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Nomad Foods by 10.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company’s stock valued at $199,000 after acquiring an additional 1,229 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Nomad Foods in the third quarter worth $31,000. Exchange Traded Concepts LLC boosted its holdings in shares of Nomad Foods by 745.8% during the third quarter. Exchange Traded Concepts LLC now owns 3,882 shares of the company’s stock worth $59,000 after purchasing an additional 3,423 shares during the period. Quantbot Technologies LP grew its stake in Nomad Foods by 160.0% in the third quarter. Quantbot Technologies LP now owns 9,675 shares of the company’s stock valued at $147,000 after purchasing an additional 5,954 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Nomad Foods by 2.0% in the third quarter. California Public Employees Retirement System now owns 303,611 shares of the company’s stock worth $4,621,000 after acquiring an additional 6,061 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on shares of Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd.

Nomad Foods Stock Up 0.3 %

Shares of NYSE:NOMD opened at $18.69 on Friday. Nomad Foods Limited has a 52-week low of $13.56 and a 52-week high of $20.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.13. The firm has a market cap of $3.04 billion, a P/E ratio of 15.20 and a beta of 0.75. The business’s 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $17.31.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. The company had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $766.56 million. During the same period last year, the firm posted $0.34 earnings per share. As a group, research analysts forecast that Nomad Foods Limited will post 1.91 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.21%. Nomad Foods’s dividend payout ratio (DPR) is 48.78%.

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.