Nomura Asset Management Co. Ltd. Acquires 800 Shares of Nomad Foods Limited (NYSE:NOMD)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 61.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the company’s stock after buying an additional 800 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Nomad Foods were worth $40,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NOMD. Miller Howard Investments Inc. NY raised its holdings in Nomad Foods by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock worth $452,000 after acquiring an additional 595 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after purchasing an additional 804 shares in the last quarter. Custom Index Systems LLC boosted its holdings in shares of Nomad Foods by 4.7% in the 3rd quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock valued at $359,000 after buying an additional 847 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after buying an additional 934 shares in the last quarter. Finally, State Street Corp increased its holdings in Nomad Foods by 0.6% during the third quarter. State Street Corp now owns 182,004 shares of the company’s stock worth $3,469,000 after buying an additional 1,018 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on NOMD shares. Deutsche Bank Aktiengesellschaft cut 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. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Nomad Foods Trading Up 0.1 %

Shares of Nomad Foods stock opened at $17.76 on Monday. Nomad Foods Limited has a 1 year low of $15.99 and a 1 year high of $20.05. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.35 and a beta of 0.78. The business has a fifty day simple moving average of $17.55 and a two-hundred day simple moving average of $17.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

About Nomad Foods

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.