Headlands Technologies LLC Purchases New Stake in Nomad Foods Limited (NYSE:NOMD)

Headlands Technologies LLC purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,501 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NOMD. Norges Bank acquired a new stake in shares of Nomad Foods during the 4th quarter worth about $27,386,000. Raymond James Financial Inc. acquired a new stake in Nomad Foods during the fourth quarter worth approximately $11,967,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Nomad Foods by 62.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company’s stock worth $12,753,000 after acquiring an additional 291,258 shares during the period. Perpetual Ltd grew its position in shares of Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock valued at $12,032,000 after purchasing an additional 282,175 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock worth $38,968,000 after purchasing an additional 253,086 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho boosted their price target on Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Barclays boosted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd.

Nomad Foods Price Performance

Nomad Foods stock opened at $19.40 on Monday. The firm has a market cap of $2.98 billion, a PE ratio of 14.59 and a beta of 0.83. 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 stock’s fifty day moving average price is $18.92 and its two-hundred day moving average price is $17.96. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s payout ratio is 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.