XTX Topco Ltd Takes Position in Nomad Foods Limited (NYSE:NOMD)

XTX Topco Ltd purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,511 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NOMD. Miller Howard Investments Inc. NY lifted its position in shares of Nomad Foods by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock worth $452,000 after purchasing an additional 595 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after buying an additional 804 shares during the period. Custom Index Systems LLC boosted its stake in Nomad Foods by 4.7% in the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock valued at $359,000 after acquiring an additional 847 shares during the last quarter. Blue Trust Inc. grew its holdings in Nomad Foods by 133.2% during the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after acquiring an additional 934 shares during the period. Finally, State Street Corp raised its position in shares of Nomad Foods by 0.6% during the 3rd quarter. State Street Corp now owns 182,004 shares of the company’s stock valued at $3,469,000 after acquiring an additional 1,018 shares during the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Stock Performance

NOMD stock opened at $16.79 on Friday. 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 firm has a market cap of $2.74 billion, a PE ratio of 12.62 and a beta of 0.78. The business’s 50-day moving average price is $17.49 and its two-hundred day moving average price is $17.86.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

Wall Street Analysts Forecast Growth

NOMD has been the subject of a number of recent analyst reports. Mizuho dropped their price objective on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft reduced 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.

Nomad Foods 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.