Factorial Partners LLC Purchases 8,000 Shares of Nomad Foods Limited (NYSE:NOMD)

Factorial Partners LLC lifted its position in shares of Nomad Foods Limited (NYSE:NOMD) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,100 shares of the company’s stock after buying an additional 8,000 shares during the period. Nomad Foods comprises 2.1% of Factorial Partners LLC’s investment portfolio, making the stock its 18th largest position. Factorial Partners LLC’s holdings in Nomad Foods were worth $3,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NOMD. Blue Trust Inc. boosted its position in Nomad Foods by 133.2% during 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 during the period. Headlands Technologies LLC bought a new position in shares of Nomad Foods in the second quarter worth approximately $42,000. National Bank of Canada FI increased its stake in shares of Nomad Foods by 378.4% in the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after buying an additional 2,195 shares during the period. Quarry LP raised its holdings in Nomad Foods by 366.5% during the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock valued at $50,000 after buying an additional 2,360 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after buying an additional 804 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Up 0.5 %

Shares of Nomad Foods stock opened at $16.83 on Wednesday. The company’s fifty day simple moving average is $18.08 and its two-hundred day simple moving average is $17.96. Nomad Foods Limited has a 12-month low of $15.76 and a 12-month high of $20.05. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.74 billion, a P/E ratio of 12.63 and a beta of 0.79.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, November 8th. Nomad Foods’s payout ratio is currently 45.11%.

Analyst Ratings Changes

NOMD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday.

Nomad Foods Company 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.