Quantbot Technologies LP Purchases 6,300 Shares of Nomad Foods Limited (NYSE:NOMD)

Quantbot Technologies LP lifted its position in shares of Nomad Foods Limited (NYSE:NOMD) by 23.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,733 shares of the company’s stock after buying an additional 6,300 shares during the quarter. Quantbot Technologies LP’s holdings in Nomad Foods were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOMD. Counterpoint Mutual Funds LLC acquired a new stake in Nomad Foods during the fourth quarter worth approximately $722,000. Applied Fundamental Research LLC grew its holdings in shares of Nomad Foods by 2.5% during the 4th quarter. Applied Fundamental Research LLC now owns 927,791 shares of the company’s stock worth $15,568,000 after purchasing an additional 22,872 shares in the last quarter. Nicholas Company Inc. increased its position in shares of Nomad Foods by 7.9% in the fourth quarter. Nicholas Company Inc. now owns 427,602 shares of the company’s stock worth $7,175,000 after purchasing an additional 31,437 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in Nomad Foods by 62.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company’s stock valued at $12,753,000 after purchasing an additional 291,258 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in Nomad Foods by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company’s stock worth $67,866,000 after purchasing an additional 24,775 shares during the period. Institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NOMD shares. Mizuho raised their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Barclays increased their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd.

Nomad Foods Price Performance

Shares of NOMD stock opened at $19.67 on Friday. The business has a fifty day simple moving average of $18.56 and a 200 day simple moving average of $17.96. The company has a market cap of $3.02 billion, a P/E ratio of 14.79 and a beta of 0.77. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a $0.17 dividend. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

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.