First Bank & Trust Invests $192,000 in Nomad Foods Limited (NYSE:NOMD)

First Bank & Trust acquired a new position in Nomad Foods Limited (NYSE:NOMD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,061 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC purchased a new stake in shares of Nomad Foods in the 3rd quarter valued at approximately $830,000. Perpetual Ltd raised its holdings in Nomad Foods by 2.6% in the third quarter. Perpetual Ltd now owns 434,880 shares of the company’s stock valued at $8,289,000 after acquiring an additional 11,206 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Nomad Foods by 21.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company’s stock worth $776,000 after purchasing an additional 7,100 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Nomad Foods in the 2nd quarter valued at about $1,195,000. Finally, Aristides Capital LLC acquired a new stake in Nomad Foods during the second quarter worth approximately $231,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $17.56 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. The business’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $18.10. The stock has a market cap of $2.86 billion, a PE ratio of 14.63 and a beta of 0.78. Nomad Foods Limited has a one year low of $13.59 and a one year high of $20.05.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $810.64 million during the quarter, compared to analysts’ expectations of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. On average, analysts forecast that Nomad Foods Limited will post 1.96 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were paid a $0.15 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 3.42%. Nomad Foods’s payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NOMD. Barclays lowered their target price on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Nomad Foods from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday.

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.