Vontobel Holding Ltd. Cuts Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Vontobel Holding Ltd. decreased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,219 shares of the company’s stock after selling 1,245 shares during the quarter. Vontobel Holding Ltd.’s holdings in Nomad Foods were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Nomad Foods during the second quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in Nomad Foods in the third quarter worth approximately $31,000. Lazard Asset Management LLC grew its position in Nomad Foods by 117.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,897 shares of the company’s stock worth $32,000 after purchasing an additional 1,025 shares during the period. Exchange Traded Concepts LLC grew its position in Nomad Foods by 745.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,882 shares of the company’s stock worth $59,000 after purchasing an additional 3,423 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in Nomad Foods in the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their target price on shares of 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 Trading Up 1.1 %

NYSE:NOMD opened at $18.56 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. Nomad Foods Limited has a 12 month low of $13.56 and a 12 month high of $20.05. The company has a market cap of $3.02 billion, a PE ratio of 15.09 and a beta of 0.75. The company has a 50 day simple moving average of $18.92 and a two-hundred day simple moving average of $17.19.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.32 earnings per share 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 net margin of 6.34% and a return on equity of 10.41%. During the same quarter last year, the company posted $0.34 EPS. Research analysts forecast 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. Stockholders of record on Friday, February 9th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, February 8th. Nomad Foods’s dividend payout ratio is presently 48.78%.

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.