Verition Fund Management LLC Lowers Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Verition Fund Management LLC lowered its position in shares of Nomad Foods Limited (NYSE:NOMD) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,375 shares of the company’s stock after selling 19,622 shares during the period. Verition Fund Management LLC’s holdings in Nomad Foods were worth $6,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Nomad Foods by 628.5% in the first quarter. Vanguard Group Inc. now owns 889,467 shares of the company’s stock worth $17,398,000 after purchasing an additional 767,366 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Nomad Foods by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock valued at $68,881,000 after acquiring an additional 320,900 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Nomad Foods by 123.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company’s stock valued at $9,043,000 after acquiring an additional 302,913 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Nomad Foods by 25.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Nomad Foods by 47.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 472,133 shares of the company’s stock worth $7,781,000 after purchasing an additional 151,810 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NOMD shares. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Nomad Foods Stock Up 1.2 %

Shares of NYSE NOMD opened at $18.31 on Monday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 13.77 and a beta of 0.79. Nomad Foods Limited has a one year low of $15.76 and a one year high of $20.05. The firm’s 50 day simple moving average is $17.77 and its two-hundred day simple moving average is $17.92. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, November 8th. Nomad Foods’s payout ratio is presently 45.11%.

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.