Verition Fund Management LLC Cuts Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Verition Fund Management LLC reduced its stake in Nomad Foods Limited (NYSE:NOMD) by 5.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 361,375 shares of the company’s stock after selling 19,622 shares during the quarter. Verition Fund Management LLC owned approximately 0.22% of Nomad Foods worth $6,888,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NOMD. Loomis Sayles & Co. L P lifted its position in shares of Nomad Foods by 25.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after buying an additional 289,090 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Nomad Foods by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,841 shares of the company’s stock worth $19,572,000 after acquiring an additional 48,303 shares during the period. Factorial Partners LLC boosted its position in Nomad Foods by 4.4% in the third quarter. Factorial Partners LLC now owns 188,100 shares of the company’s stock worth $3,585,000 after purchasing an additional 8,000 shares during the last quarter. Avior Wealth Management LLC grew its stake 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 period. Finally, Pathstone Holdings LLC increased its position in shares of Nomad Foods by 5.5% during the 3rd quarter. Pathstone Holdings LLC now owns 111,522 shares of the company’s stock valued at $2,126,000 after purchasing an additional 5,805 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Price Performance

NYSE NOMD opened at $18.31 on Monday. 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 company has a market cap of $2.98 billion, a PE ratio of 13.77 and a beta of 0.79. Nomad Foods Limited has a 52 week low of $15.76 and a 52 week high of $20.05. The firm’s 50-day simple moving average is $17.77 and its two-hundred day simple moving average is $17.92.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

Analyst Ratings Changes

NOMD has been the subject of several research reports. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th.

Nomad Foods 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.