River Road Asset Management LLC Sells 30,583 Shares of Nomad Foods Limited $NOMD

River Road Asset Management LLC reduced its position in shares of Nomad Foods Limited (NYSE:NOMD) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,879,628 shares of the company’s stock after selling 30,583 shares during the period. River Road Asset Management LLC’s holdings in Nomad Foods were worth $65,333,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its position in shares of Nomad Foods by 3.5% during the second quarter. Vontobel Holding Ltd. now owns 20,417 shares of the company’s stock worth $347,000 after purchasing an additional 688 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Nomad Foods by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,048 shares of the company’s stock valued at $511,000 after purchasing an additional 690 shares in the last quarter. Factorial Partners LLC raised its holdings in Nomad Foods by 0.5% during the first quarter. Factorial Partners LLC now owns 192,100 shares of the company’s stock worth $3,775,000 after buying an additional 1,000 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Nomad Foods by 12.7% in the first quarter. HighTower Advisors LLC now owns 12,729 shares of the company’s stock valued at $250,000 after buying an additional 1,432 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Nomad Foods during the first quarter valued at about $32,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NOMD. Weiss Ratings restated a “hold (c-)” rating on shares of Nomad Foods in a report on Friday, October 31st. Mizuho decreased their price objective on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Barclays dropped their target price on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, BTIG Research reiterated a “buy” rating and set a $18.00 price target on shares of Nomad Foods in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.67.

Nomad Foods Stock Performance

Shares of NOMD opened at $12.24 on Monday. The stock has a 50 day moving average of $12.24 and a 200 day moving average of $14.99. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.38 and a beta of 0.69. Nomad Foods Limited has a 12 month low of $11.04 and a 12 month high of $20.81. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The business had revenue of $881.94 million during the quarter, compared to the consensus estimate of $760.75 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were given a dividend of $0.17 per share. The ex-dividend date was Monday, November 10th. This represents a $0.68 annualized dividend and a yield of 5.6%. Nomad Foods’s dividend payout ratio is presently 47.22%.

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.