Triodos Investment Management BV Raises Holdings in Nomad Foods Limited $NOMD

Triodos Investment Management BV increased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 959,179 shares of the company’s stock after purchasing an additional 2,700 shares during the quarter. Triodos Investment Management BV owned approximately 0.63% of Nomad Foods worth $16,296,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Boston Partners increased its position in shares of Nomad Foods by 11.1% during the first quarter. Boston Partners now owns 10,209,283 shares of the company’s stock worth $200,615,000 after purchasing an additional 1,019,957 shares in the last quarter. Brown Advisory Inc. grew its holdings in Nomad Foods by 0.8% in the 1st quarter. Brown Advisory Inc. now owns 8,442,222 shares of the company’s stock valued at $165,890,000 after buying an additional 66,060 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Nomad Foods by 3.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,824,222 shares of the company’s stock valued at $134,096,000 after buying an additional 254,314 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Nomad Foods by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,724,866 shares of the company’s stock valued at $53,544,000 after buying an additional 402,599 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Nomad Foods by 46.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,851,199 shares of the company’s stock valued at $36,376,000 after buying an additional 585,054 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

NOMD opened at $12.50 on Friday. The stock’s 50-day moving average price is $14.49 and its 200 day moving average price is $16.92. Nomad Foods Limited has a 12-month low of $12.43 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. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 8.56 and a beta of 0.70.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $879.27 million for the quarter, compared to analyst estimates of $762.81 million. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.Nomad Foods’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts expect 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 Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 5.4%. Nomad Foods’s dividend payout ratio (DPR) is currently 46.58%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho dropped their target price on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Barclays dropped their target price on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Zacks Research cut Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. BTIG Research dropped their target price on Nomad Foods from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nomad Foods in a report on Wednesday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

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.