Sound Income Strategies LLC Purchases New Stake in Nomad Foods Limited (NYSE:NOMD)

Sound Income Strategies LLC acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 164,860 shares of the company’s stock, valued at approximately $2,766,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NOMD. Perpetual Ltd lifted its position in shares of Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after purchasing an additional 282,175 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Nomad Foods in the 4th quarter worth approximately $264,000. Barclays PLC lifted its position in Nomad Foods by 53.7% in the 3rd quarter. Barclays PLC now owns 7,681 shares of the company’s stock worth $146,000 after buying an additional 2,682 shares in the last quarter. PYA Waltman Capital LLC boosted its stake in shares of Nomad Foods by 20.7% during the 3rd quarter. PYA Waltman Capital LLC now owns 287,670 shares of the company’s stock valued at $5,483,000 after buying an additional 49,432 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Up 1.1 %

Nomad Foods stock opened at $16.57 on Friday. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.05. The company’s fifty day moving average price is $17.04 and its two-hundred day moving average price is $17.81. 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 $2.70 billion, a price-to-earnings ratio of 12.46 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently disclosed 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 3.62%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio is 45.11%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. Barclays cut their price target on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Mizuho lowered their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Finally, StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

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.