Nomad Foods (NYSE:NOMD – Free Report) had its price target reduced by Barclays from $22.00 to $21.00 in a research report report published on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.
Separately, Mizuho boosted their price target on Nomad Foods from $26.00 to $28.00 and gave the company a buy rating in a research note on Friday, May 10th.
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Nomad Foods Price Performance
Nomad Foods (NYSE:NOMD – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $850.90 million during the quarter, compared to analyst estimates of $858.61 million. Nomad Foods had a net margin of 6.10% and a return on equity of 9.68%. On average, equities analysts expect that Nomad Foods will post 1.9 EPS for the current year.
Nomad Foods Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, May 8th. Nomad Foods’s dividend payout ratio is presently 50.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust bought a new position in Nomad Foods in the fourth quarter valued at about $26,000. Blue Trust Inc. grew its position in 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 acquiring an additional 934 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Nomad Foods in the fourth quarter valued at about $76,000. Atlas Capital Advisors LLC bought a new position in Nomad Foods in the first quarter valued at about $201,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Nomad Foods during the fourth quarter worth about $199,000. Institutional investors own 75.26% of the company’s stock.
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.
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