Swedbank AB Sells 202,000 Shares of Nomad Foods Limited (NYSE:NOMD)

Swedbank AB lowered its position in Nomad Foods Limited (NYSE:NOMD) by 43.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 267,000 shares of the company’s stock after selling 202,000 shares during the period. Swedbank AB’s holdings in Nomad Foods were worth $5,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOMD. Blue Trust Inc. boosted its stake in Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after acquiring an additional 934 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Nomad Foods in the 2nd quarter worth approximately $42,000. National Bank of Canada FI grew its stake in shares of Nomad Foods by 378.4% in the 2nd 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 last quarter. Quarry LP raised its stake in Nomad Foods by 366.5% during the second 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 holdings in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after acquiring an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Up 0.7 %

Shares of NYSE:NOMD opened at $18.09 on Thursday. 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 Limited has a 1 year low of $15.76 and a 1 year high of $20.05. The company has a market cap of $2.95 billion, a P/E ratio of 13.55 and a beta of 0.79. The stock’s fifty day moving average price is $17.87 and its 200-day moving average price is $17.93.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, November 8th. Nomad Foods’s payout ratio is presently 45.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NOMD. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

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.