Jane Street Group LLC Decreases Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Jane Street Group LLC trimmed its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 51.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,112 shares of the company’s stock after selling 13,967 shares during the quarter. Jane Street Group LLC’s holdings in Nomad Foods were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in Nomad Foods by 8.3% in the second quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after buying an additional 320,900 shares during the last quarter. River Road Asset Management LLC increased its position in Nomad Foods by 2.9% in the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after buying an additional 114,750 shares during the last quarter. Victory Capital Management Inc. increased its position in Nomad Foods by 0.9% in the third quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company’s stock worth $39,439,000 after buying an additional 18,189 shares during the last quarter. Wellington Management Group LLP increased its position in Nomad Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock worth $36,345,000 after buying an additional 39,739 shares during the last quarter. Finally, Townsend & Associates Inc increased its position in Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after buying an additional 53,694 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

Nomad Foods stock opened at $15.63 on Friday. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.05. The business has a fifty day moving average price of $17.12 and a 200-day moving average price of $17.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The firm has a market capitalization of $2.55 billion, a P/E ratio of 11.75 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is currently 45.11%.

Wall Street Analysts Forecast Growth

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

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.