Nomad Foods Limited (NYSE:NOMD) Shares Sold by KBC Group NV

KBC Group NV lowered its position in shares of Nomad Foods Limited (NYSE:NOMD) by 76.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 130,418 shares of the company’s stock after selling 424,942 shares during the quarter. KBC Group NV’s holdings in Nomad Foods were worth $2,486,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Miller Howard Investments Inc. NY boosted its holdings in shares of Nomad Foods by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock valued at $452,000 after buying an additional 595 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 period. Blue Trust Inc. grew its holdings in shares of Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 934 shares during the last quarter. Allegheny Financial Group LTD grew its holdings in shares of Nomad Foods by 4.9% during the second quarter. Allegheny Financial Group LTD now owns 24,336 shares of the company’s stock valued at $401,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Nomad Foods by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company’s stock worth $3,864,000 after purchasing an additional 1,450 shares during the period. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $16.74 on Tuesday. Nomad Foods Limited has a 12-month low of $15.76 and a 12-month high of $20.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 12.59 and a beta of 0.79. The business has a 50 day simple moving average of $18.13 and a 200 day simple moving average of $17.97.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.58%. Nomad Foods’s payout ratio is 45.11%.

Analysts Set New Price Targets

A number of research analysts recently commented on NOMD shares. Deutsche Bank Aktiengesellschaft lowered their price objective 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. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday.

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.