Boston Partners Sells 964,579 Shares of Nomad Foods Limited (NYSE:NOMD)

Boston Partners decreased its position in Nomad Foods Limited (NYSE:NOMD) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,189,326 shares of the company’s stock after selling 964,579 shares during the quarter. Boston Partners owned approximately 5.64% of Nomad Foods worth $154,096,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Nomad Foods in the 4th quarter worth about $11,967,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Nomad Foods by 62.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company’s stock worth $12,753,000 after buying an additional 291,258 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Nomad Foods by 25.6% in the 3rd 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. Perpetual Ltd boosted 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. Finally, Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock worth $38,968,000 after buying an additional 253,086 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Down 0.9 %

NOMD stock opened at $19.66 on Wednesday. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $18.11 and its 200 day moving average is $17.93. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.78 and a beta of 0.77.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a dividend of $0.17 per share. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NOMD. Mizuho boosted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Barclays upped their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

Nomad Foods Company 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.