Allspring Global Investments Holdings LLC Trims Stock Position in Nomad Foods Limited (NYSE:NOMD)

Allspring Global Investments Holdings LLC cut its position in Nomad Foods Limited (NYSE:NOMD) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,569,908 shares of the company’s stock after selling 473,947 shares during the quarter. Allspring Global Investments Holdings LLC owned about 4.03% of Nomad Foods worth $109,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in Nomad Foods by 25.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Nomad Foods by 64.9% in the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after buying an additional 282,175 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Nomad Foods during the 4th quarter valued at $2,766,000. Systematic Financial Management LP lifted its holdings in shares of Nomad Foods by 11.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock worth $24,151,000 after acquiring an additional 130,792 shares during the last quarter. Finally, River Road Asset Management LLC grew its position in Nomad Foods by 2.9% in the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after acquiring an additional 114,750 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Nomad Foods Stock Up 2.0 %

NOMD opened at $18.01 on Thursday. The company has a market cap of $2.94 billion, a P/E ratio of 13.54 and a beta of 0.79. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.05. The business’s 50-day moving average price is $17.03 and its 200-day moving average price is $17.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.68 annualized dividend and a yield of 3.78%. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s payout ratio is presently 45.11%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOMD. Mizuho dropped 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. Barclays dropped their target price on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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.

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.