Nomad Foods Limited (NYSE:NOMD) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP reduced its position in Nomad Foods Limited (NYSE:NOMD) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,306 shares of the company’s stock after selling 30,992 shares during the period. Systematic Financial Management LP owned approximately 0.70% of Nomad Foods worth $18,726,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NOMD. Mutual of America Capital Management LLC acquired a new position in Nomad Foods during the first quarter valued at approximately $3,645,000. Swedbank AB acquired a new position in shares of Nomad Foods during the 1st quarter valued at $10,425,000. Russell Investments Group Ltd. lifted its holdings in shares of Nomad Foods by 16.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,377,332 shares of the company’s stock valued at $26,941,000 after acquiring an additional 193,531 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Nomad Foods by 123.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company’s stock worth $9,043,000 after purchasing an additional 302,913 shares during the period. Finally, Armistice Capital LLC increased its holdings in Nomad Foods by 9.0% in the 4th quarter. Armistice Capital LLC now owns 1,403,633 shares of the company’s stock valued at $23,792,000 after purchasing an additional 116,438 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NOMD shares. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price target 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, Barclays lowered their price objective on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, July 19th.

Nomad Foods Stock Down 0.7 %

Shares of Nomad Foods stock opened at $19.28 on Friday. Nomad Foods Limited has a 1-year low of $13.56 and a 1-year high of $20.05. The company has a market capitalization of $3.14 billion, a PE ratio of 16.07 and a beta of 0.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. The business has a 50-day moving average of $18.76 and a 200-day moving average of $18.32.

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

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Saturday, August 10th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 3.11%. Nomad Foods’s dividend payout ratio is presently 50.00%.

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.