Headlands Technologies LLC Makes New $42,000 Investment in Nomad Foods Limited (NYSE:NOMD)

Headlands Technologies LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,530 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 934 shares in the last quarter. National Bank of Canada FI grew its stake 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 worth $46,000 after purchasing an additional 2,195 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Nomad Foods in the 2nd quarter worth about $120,000. Atlas Capital Advisors LLC purchased a new position in Nomad Foods during the first quarter valued at $201,000. Finally, SG Americas Securities LLC bought a new stake in Nomad Foods in the second quarter worth $251,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Price Performance

Nomad Foods stock opened at $19.46 on Wednesday. Nomad Foods Limited has a 1 year low of $13.56 and a 1 year high of $20.05. The company’s fifty day moving average price is $18.47 and its 200 day moving average price is $18.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. The stock has a market capitalization of $3.17 billion, a P/E ratio of 16.22 and a beta of 0.78.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $810.64 million during the quarter, compared to analysts’ expectations of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. As a group, equities research analysts anticipate that Nomad Foods Limited will post 1.96 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 3.08%. Nomad Foods’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NOMD shares. Barclays cut their target price on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 8th.

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.