Townsend & Associates Inc Has $26.98 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

Townsend & Associates Inc lifted its position in shares of Nomad Foods Limited (NYSE:NOMD) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,539,731 shares of the company’s stock after purchasing an additional 53,694 shares during the period. Nomad Foods accounts for approximately 2.7% of Townsend & Associates Inc’s investment portfolio, making the stock its 10th biggest holding. Townsend & Associates Inc’s holdings in Nomad Foods were worth $26,976,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners increased its stake in Nomad Foods by 18.8% in the first quarter. Boston Partners now owns 8,563,043 shares of the company’s stock valued at $167,241,000 after acquiring an additional 1,356,159 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Nomad Foods by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after buying an additional 320,900 shares in the last quarter. River Road Asset Management LLC raised its holdings in shares of Nomad Foods by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after buying an additional 114,750 shares in the last quarter. Russell Investments Group Ltd. lifted 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 buying an additional 193,531 shares during the last quarter. Finally, Paradice Investment Management LLC boosted its stake in Nomad Foods by 8.3% in the second quarter. Paradice Investment Management LLC now owns 1,365,974 shares of the company’s stock valued at $22,511,000 after buying an additional 104,177 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Stock Performance

NYSE NOMD opened at $17.46 on Friday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.93 and a beta of 0.79. Nomad Foods Limited has a twelve month low of $14.54 and a twelve month high of $20.05. The stock has a fifty day simple moving average of $18.39 and a 200 day simple moving average of $18.04. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Wednesday, August 7th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The business had revenue of $810.64 million for the quarter, compared to analysts’ expectations of $822.21 million. Sell-side analysts expect that Nomad Foods Limited will post 1.93 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 44.44%.

Analyst Ratings Changes

NOMD has been the subject of several research analyst reports. StockNews.com downgraded Nomad Foods from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays dropped their price objective on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note 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.