ExodusPoint Capital Management LP Purchases 97,395 Shares of Nomad Foods Limited (NYSE:NOMD)

ExodusPoint Capital Management LP raised its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 212.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,300 shares of the company’s stock after acquiring an additional 97,395 shares during the period. ExodusPoint Capital Management LP owned about 0.09% of Nomad Foods worth $2,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Nomad Foods during the fourth quarter valued at about $76,000. Alliancebernstein L.P. grew its position in Nomad Foods by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company’s stock worth $129,346,000 after acquiring an additional 187,146 shares during the last quarter. Norges Bank purchased a new position in Nomad Foods in the 4th quarter worth approximately $27,386,000. Loomis Sayles & Co. L P lifted its position in Nomad Foods by 17.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company’s stock valued at $28,007,000 after purchasing an additional 250,600 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Nomad Foods during the fourth quarter valued at approximately $215,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Price Performance

NOMD opened at $18.83 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The stock has a market capitalization of $2.89 billion, a PE ratio of 14.16 and a beta of 0.83. The stock’s 50 day moving average price is $18.95 and its 200-day moving average price is $17.95. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a dividend of $0.17 per share. 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 yield of 3.61%. The ex-dividend date was Monday, February 10th. Nomad Foods’s payout ratio is presently 45.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NOMD. Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Mizuho boosted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, March 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.