1,491,820 Shares in Nomad Foods Limited (NYSE:NOMD) Purchased by Norges Bank

Norges Bank acquired a new stake in shares of Nomad Foods Limited (NYSE:NOMDFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,491,820 shares of the company’s stock, valued at approximately $25,286,000. Norges Bank owned about 0.86% of Nomad Foods as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Allegheny Financial Group LTD raised its position in Nomad Foods by 26.7% during the 4th quarter. Allegheny Financial Group LTD now owns 18,087 shares of the company’s stock worth $307,000 after buying an additional 3,810 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Nomad Foods by 45.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 53,368 shares of the company’s stock worth $905,000 after purchasing an additional 16,673 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Nomad Foods by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,075,953 shares of the company’s stock valued at $69,087,000 after purchasing an additional 60,673 shares during the period. Boston Partners boosted its holdings in Nomad Foods by 30.6% in the 4th quarter. Boston Partners now owns 7,206,884 shares of the company’s stock valued at $122,251,000 after purchasing an additional 1,688,624 shares in the last quarter. Finally, Polaris Capital Management LLC increased its position in Nomad Foods by 24.5% during the 4th quarter. Polaris Capital Management LLC now owns 3,397,400 shares of the company’s stock worth $57,586,000 after purchasing an additional 668,100 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Mizuho raised their price target on Nomad Foods from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 10th.

Check Out Our Latest Analysis on NOMD

Nomad Foods Stock Performance

Shares of NOMD opened at $17.56 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 52-week low of $13.56 and a 52-week high of $20.05. The company has a 50-day simple moving average of $18.54 and a 200-day simple moving average of $17.95. The company has a market capitalization of $2.86 billion, a PE ratio of 14.63 and a beta of 0.77.

Nomad Foods (NYSE:NOMDGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $850.90 million during the quarter, compared to analysts’ expectations of $858.61 million. Nomad Foods had a net margin of 6.10% and a return on equity of 9.68%. Equities research analysts predict that Nomad Foods Limited will post 1.9 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.42%. The ex-dividend date was Wednesday, May 8th. Nomad Foods’s dividend payout ratio (DPR) is 50.00%.

Nomad Foods Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

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