Nomad Foods Limited (NYSE:NOMD) Shares Bought by Perpetual Ltd

Perpetual Ltd lifted its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 64.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 717,055 shares of the company’s stock after purchasing an additional 282,175 shares during the period. Perpetual Ltd’s holdings in Nomad Foods were worth $12,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in NOMD. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Quarry LP raised its holdings in shares of Nomad Foods by 366.5% in the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock valued at $50,000 after buying an additional 2,360 shares during the period. Avior Wealth Management LLC increased its stake in Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after purchasing an additional 804 shares during the period. Barclays PLC lifted its holdings in Nomad Foods by 53.7% during the 3rd quarter. Barclays PLC now owns 7,681 shares of the company’s stock worth $146,000 after buying an additional 2,682 shares in the last quarter. Finally, First Bank & Trust acquired a new stake in shares of Nomad Foods in the third quarter valued at $192,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE:NOMD opened at $17.00 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $17.03 and its 200-day simple moving average is $17.82. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.05. The stock has a market cap of $2.77 billion, a PE ratio of 12.78 and a beta of 0.79.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 45.11%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NOMD shares. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Mizuho dropped their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Barclays cut their price target on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research note 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.