Nomad Foods Limited (NYSE:NOMD) Shares Purchased by State Street Corp

State Street Corp raised its holdings in Nomad Foods Limited (NYSE:NOMD) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,004 shares of the company’s stock after acquiring an additional 1,018 shares during the period. State Street Corp’s holdings in Nomad Foods were worth $3,469,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Nomad Foods in the second quarter valued at approximately $120,000. Paradice Investment Management LLC increased its stake in shares of Nomad Foods by 8.3% in the 2nd quarter. Paradice Investment Management LLC now owns 1,365,974 shares of the company’s stock worth $22,511,000 after acquiring an additional 104,177 shares during the last quarter. Allegheny Financial Group LTD boosted its position in shares of Nomad Foods by 4.9% during the 2nd quarter. Allegheny Financial Group LTD now owns 24,336 shares of the company’s stock valued at $401,000 after acquiring an additional 1,128 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Nomad Foods by 378.4% in the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock valued at $46,000 after purchasing an additional 2,195 shares during the period. Finally, Custom Index Systems LLC acquired a new stake in Nomad Foods during the second quarter worth about $297,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Nomad Foods Stock Up 0.5 %

Nomad Foods stock opened at $16.64 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The firm has a 50 day moving average price of $17.34 and a 200 day moving average price of $17.83. Nomad Foods Limited has a fifty-two week low of $15.99 and a fifty-two week high of $20.05. The company has a market capitalization of $2.71 billion, a PE ratio of 12.51 and a beta of 0.78.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 45.11%.

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.