Barclays PLC Boosts Holdings in Nomad Foods Limited (NYSE:NOMD)

Barclays PLC boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 53.7% in the third quarter, Holdings Channel.com reports. The fund owned 7,681 shares of the company’s stock after buying an additional 2,682 shares during the quarter. Barclays PLC’s holdings in Nomad Foods were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Nomad Foods in the second quarter valued at approximately $42,000. National Bank of Canada FI grew its position in shares of Nomad Foods by 378.4% during the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after acquiring an additional 2,195 shares during the last quarter. Quarry LP increased 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 acquiring an additional 2,360 shares during the period. Finally, Avior Wealth Management LLC raised its position in Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after purchasing an additional 804 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NOMD. Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, November 4th. Mizuho reduced their price objective on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Nomad Foods Stock Up 1.0 %

Shares of NYSE:NOMD opened at $16.69 on Wednesday. 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 quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $17.24 and its 200-day simple moving average is $17.83. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 12.55 and a beta of 0.79.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio is presently 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.