New York State Common Retirement Fund Cuts Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

New York State Common Retirement Fund reduced its stake in Nomad Foods Limited (NYSE:NOMD) by 44.3% during the fourth quarter, HoldingsChannel reports. The firm owned 334,338 shares of the company’s stock after selling 265,727 shares during the period. New York State Common Retirement Fund’s holdings in Nomad Foods were worth $5,667,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in Nomad Foods by 745.8% during the third 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 last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Nomad Foods by 6.2% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 201,685 shares of the company’s stock worth $3,070,000 after buying an additional 11,735 shares during the last quarter. Paradice Investment Management LLC boosted its stake in Nomad Foods by 13.9% in the third quarter. Paradice Investment Management LLC now owns 2,522,621 shares of the company’s stock worth $38,394,000 after buying an additional 307,496 shares in the last quarter. Townsend & Associates Inc grew its position in Nomad Foods by 54.1% during the third quarter. Townsend & Associates Inc now owns 693,791 shares of the company’s stock valued at $10,559,000 after acquiring an additional 243,640 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Nomad Foods by 2.0% during the third quarter. California Public Employees Retirement System now owns 303,611 shares of the company’s stock worth $4,621,000 after acquiring an additional 6,061 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays upped their price objective on shares of Nomad Foods from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

Nomad Foods Stock Up 0.1 %

NOMD opened at $18.09 on Friday. The company has a market cap of $2.94 billion, a P/E ratio of 14.71 and a beta of 0.77. Nomad Foods Limited has a 12 month low of $13.56 and a 12 month high of $20.05. The business’s 50-day moving average price is $19.02 and its 200-day moving average price is $17.43. 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 (NYSE:NOMD) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. The firm had revenue of $761.00 million during the quarter, compared to the consensus estimate of $766.56 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, equities analysts expect that Nomad Foods Limited will post 1.91 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.60 annualized dividend and a yield of 3.32%. Nomad Foods’s payout ratio is currently 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.