Janus Henderson Group PLC Sells 677,021 Shares of Nomad Foods Limited (NYSE:NOMD)

Janus Henderson Group PLC trimmed its holdings in Nomad Foods Limited (NYSE:NOMD) by 48.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 725,137 shares of the company’s stock after selling 677,021 shares during the period. Janus Henderson Group PLC’s holdings in Nomad Foods were worth $13,821,000 as of its most recent filing with the SEC.

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

Nomad Foods Trading Down 3.7 %

Shares of Nomad Foods stock opened at $17.07 on Friday. 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 stock has a market capitalization of $2.78 billion, a PE ratio of 12.83 and a beta of 0.78. Nomad Foods Limited has a 1-year low of $15.99 and a 1-year high of $20.05. The company’s fifty day simple moving average is $17.63 and its 200-day simple moving average is $17.90.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

Analysts Set New Price Targets

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