Readystate Asset Management LP Has $871,000 Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Readystate Asset Management LP boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 68.1% in the third quarter, HoldingsChannel reports. The firm owned 45,692 shares of the company’s stock after buying an additional 18,514 shares during the period. Readystate Asset Management LP’s holdings in Nomad Foods were worth $871,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in Nomad Foods by 123.2% in the second quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company’s stock worth $9,043,000 after purchasing an additional 302,913 shares during the period. SG Americas Securities LLC acquired a new stake in Nomad Foods in the second quarter worth $251,000. Townsend & Associates Inc grew its holdings in Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after purchasing an additional 53,694 shares during the period. Seizert Capital Partners LLC grew its holdings in Nomad Foods by 42.7% in the third quarter. Seizert Capital Partners LLC now owns 270,164 shares of the company’s stock worth $5,149,000 after purchasing an additional 80,807 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in Nomad Foods by 25.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after buying an additional 289,090 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Price Performance

NOMD opened at $17.57 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. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 13.21 and a beta of 0.78. The firm’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $17.91. Nomad Foods Limited has a 1 year low of $15.99 and a 1 year high of $20.05.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders 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 yield of 3.41%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is 45.11%.

Wall Street Analyst Weigh In

NOMD has been the topic of several research reports. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, November 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.