Point72 Hong Kong Ltd Sells 7,316 Shares of Nomad Foods Limited (NYSE:NOMD)

Point72 Hong Kong Ltd reduced its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 50.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,263 shares of the company’s stock after selling 7,316 shares during the period. Point72 Hong Kong Ltd’s holdings in Nomad Foods were worth $120,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NOMD. Blue Trust Inc. lifted its holdings in Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 934 shares in the last quarter. Headlands Technologies LLC bought a new position in Nomad Foods during the second quarter valued at $42,000. National Bank of Canada FI grew its stake in shares of Nomad Foods by 378.4% in the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after buying an additional 2,195 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Nomad Foods in the 2nd quarter worth about $120,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Nomad Foods in the 1st quarter worth about $201,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Down 0.7 %

Shares of NYSE NOMD opened at $19.28 on Friday. Nomad Foods Limited has a 1 year low of $13.56 and a 1 year high of $20.05. The firm has a 50-day simple moving average of $18.73 and a two-hundred day simple moving average of $18.33. The company has a market cap of $3.14 billion, a P/E ratio of 16.07 and a beta of 0.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The firm had revenue of $810.64 million during the quarter, compared to analyst estimates of $822.21 million. Research analysts anticipate that Nomad Foods Limited will post 1.96 earnings per share for the current year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Saturday, August 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, August 9th. Nomad Foods’s dividend payout ratio (DPR) is presently 50.00%.

Analysts Set New Price Targets

Several research analysts recently commented on NOMD shares. Barclays dropped their price target on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their target price 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 upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, September 9th.

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.