Nomad Foods Limited (NYSE:NOMD) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Nomad Foods Limited (NYSE:NOMD) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,026,841 shares of the company’s stock after acquiring an additional 48,303 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nomad Foods were worth $19,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NOMD. Miller Howard Investments Inc. NY grew its position in Nomad Foods by 2.2% in the second quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock worth $452,000 after buying an additional 595 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after acquiring an additional 804 shares during the last quarter. Custom Index Systems LLC raised its position in shares of Nomad Foods by 4.7% during the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after purchasing an additional 847 shares during the period. Blue Trust Inc. lifted its holdings in shares of Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 934 shares during the last quarter. Finally, Allegheny Financial Group LTD boosted its position in shares of Nomad Foods by 4.9% in the 2nd quarter. Allegheny Financial Group LTD now owns 24,336 shares of the company’s stock valued at $401,000 after purchasing an additional 1,128 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $17.07 on Friday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.83 and a beta of 0.78. Nomad Foods Limited has a 1-year low of $15.99 and a 1-year high of $20.05. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $17.63 and its 200-day simple moving average is $17.90.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.51%. Nomad Foods’s dividend payout ratio is 45.11%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

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.