Raymond James & Associates Increases Stake in Nomad Foods Limited (NYSE:NOMD)

Raymond James & Associates increased its stake in Nomad Foods Limited (NYSE:NOMD) by 32.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,648 shares of the company’s stock after buying an additional 78,803 shares during the period. Raymond James & Associates owned 0.20% of Nomad Foods worth $5,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Nomad Foods by 133.2% in the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after acquiring an additional 934 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in Nomad Foods in the first quarter worth $201,000. SG Americas Securities LLC bought a new position in Nomad Foods in the second quarter worth $251,000. Quadrature Capital Ltd purchased a new position in Nomad Foods during the fourth quarter valued at $291,000. Finally, Allegheny Financial Group LTD boosted its holdings in shares of Nomad Foods by 26.7% during the 4th quarter. Allegheny Financial Group LTD now owns 18,087 shares of the company’s stock valued at $307,000 after buying an additional 3,810 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Trading Up 1.5 %

NYSE:NOMD opened at $18.75 on Thursday. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 15.63 and a beta of 0.79. The company’s 50 day moving average price is $17.76 and its 200-day moving average price is $18.22. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, August 9th. Nomad Foods’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

NOMD has been the subject of several research reports. Barclays lowered their price target on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Mizuho boosted their price target on Nomad Foods from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Saturday, August 24th.

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.