Perpetual Ltd Raises Holdings in Nomad Foods Limited (NYSE:NOMD)

Perpetual Ltd raised its holdings in Nomad Foods Limited (NYSE:NOMD) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 434,880 shares of the company’s stock after purchasing an additional 11,206 shares during the quarter. Perpetual Ltd’s holdings in Nomad Foods were worth $8,289,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NOMD. Boston Partners raised its holdings in Nomad Foods by 18.8% in the 1st quarter. Boston Partners now owns 8,563,043 shares of the company’s stock valued at $167,241,000 after buying an additional 1,356,159 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Nomad Foods by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after acquiring an additional 320,900 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Nomad Foods by 16.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,377,332 shares of the company’s stock worth $26,941,000 after purchasing an additional 193,531 shares during the period. Paradice Investment Management LLC boosted its position in shares of Nomad Foods by 8.3% during the 2nd quarter. Paradice Investment Management LLC now owns 1,365,974 shares of the company’s stock worth $22,511,000 after purchasing an additional 104,177 shares during the period. Finally, Invenomic Capital Management LP increased its holdings in Nomad Foods by 26.0% in the 1st quarter. Invenomic Capital Management LP now owns 1,218,304 shares of the company’s stock valued at $23,830,000 after purchasing an additional 251,619 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Up 0.3 %

Nomad Foods stock opened at $17.66 on Friday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 13.08 and a beta of 0.78. The stock’s fifty day simple moving average is $18.76 and its 200-day simple moving average is $18.23. Nomad Foods Limited has a twelve month low of $13.56 and a twelve month high of $20.05. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $810.64 million for the quarter, compared to the consensus estimate of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. As a group, equities analysts expect that Nomad Foods Limited will post 1.96 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Saturday, August 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 3.40%. Nomad Foods’s dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Nomad Foods from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th.

About Nomad Foods

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.