Alliancebernstein L.P. Has $129.35 Million Holdings in Nomad Foods Limited (NYSE:NOMD)

Alliancebernstein L.P. increased its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,708,354 shares of the company’s stock after purchasing an additional 187,146 shares during the quarter. Alliancebernstein L.P. owned approximately 4.73% of Nomad Foods worth $129,346,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NOMD. Parkside Financial Bank & Trust boosted its stake in shares of Nomad Foods by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after buying an additional 670 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares in the last quarter. State Street Corp increased its position in shares of Nomad Foods by 0.6% during the 3rd quarter. State Street Corp now owns 182,004 shares of the company’s stock worth $3,469,000 after purchasing an additional 1,018 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Nomad Foods by 4.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 38,688 shares of the company’s stock valued at $737,000 after buying an additional 1,552 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

NOMD has been the topic of several analyst reports. Mizuho upped their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Barclays raised their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd.

Nomad Foods Price Performance

NYSE:NOMD opened at $19.67 on Thursday. The company has a market cap of $3.02 billion, a P/E ratio of 14.79 and a beta of 0.77. The firm’s fifty day moving average price is $18.79 and its two-hundred day moving average price is $17.97. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s payout ratio is currently 45.03%.

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.