11,727 Shares in Nomad Foods Limited (NYSE:NOMD) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 11,727 shares of the company’s stock, valued at approximately $199,000.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp grew its position in shares of Nomad Foods by 1.1% in the second quarter. Northern Trust Corp now owns 86,064 shares of the company’s stock valued at $1,508,000 after purchasing an additional 969 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Nomad Foods by 117.5% during the 4th quarter. Lazard Asset Management LLC now owns 1,897 shares of the company’s stock valued at $32,000 after buying an additional 1,025 shares during the last quarter. Royal Bank of Canada increased its position in Nomad Foods by 0.9% during the third quarter. Royal Bank of Canada now owns 128,855 shares of the company’s stock worth $1,961,000 after buying an additional 1,212 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Nomad Foods by 10.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company’s stock worth $199,000 after acquiring an additional 1,229 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nomad Foods by 6.1% in the first quarter. Geode Capital Management LLC now owns 21,849 shares of the company’s stock worth $409,000 after acquiring an additional 1,248 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

Nomad Foods Stock Up 1.1 %

Shares of NYSE NOMD opened at $18.56 on Friday. The firm has a market cap of $3.02 billion, a P/E ratio of 15.09 and a beta of 0.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.13. Nomad Foods Limited has a 1 year low of $13.56 and a 1 year high of $20.05. The firm’s 50 day moving average price is $18.92 and its 200 day moving average price is $17.17.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $766.56 million. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts anticipate that Nomad Foods Limited will post 1.91 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, February 8th. Nomad Foods’s dividend payout ratio (DPR) is 48.78%.

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.