Seizert Capital Partners LLC Purchases 31,466 Shares of Nomad Foods Limited (NYSE:NOMD)

Seizert Capital Partners LLC grew its position in shares of Nomad Foods Limited (NYSE:NOMD) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 301,630 shares of the company’s stock after acquiring an additional 31,466 shares during the quarter. Seizert Capital Partners LLC’s holdings in Nomad Foods were worth $5,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after purchasing an additional 253,086 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nomad Foods by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company’s stock valued at $19,144,000 after buying an additional 114,026 shares in the last quarter. Factorial Partners LLC lifted its holdings in shares of Nomad Foods by 1.6% in the 4th quarter. Factorial Partners LLC now owns 191,100 shares of the company’s stock valued at $3,207,000 after acquiring an additional 3,000 shares during the last quarter. VELA Investment Management LLC grew its position in Nomad Foods by 206.7% in the fourth quarter. VELA Investment Management LLC now owns 46,000 shares of the company’s stock worth $772,000 after acquiring an additional 31,000 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after acquiring an additional 670 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Mizuho lifted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Nomad Foods Price Performance

NOMD opened at $20.30 on Wednesday. The business has a fifty day moving average of $17.44 and a 200 day moving average of $17.82. The stock has a market cap of $3.31 billion, a P/E ratio of 15.26 and a beta of 0.77. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.67.

Nomad Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.17 per share. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Monday, February 10th. 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.