Rockefeller Capital Management L.P. Sells 94,063 Shares of Nomad Foods Limited (NYSE:NOMD)

Rockefeller Capital Management L.P. reduced its stake in Nomad Foods Limited (NYSE:NOMD) by 45.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,555 shares of the company’s stock after selling 94,063 shares during the period. Rockefeller Capital Management L.P. owned 0.07% of Nomad Foods worth $1,872,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in Nomad Foods during the 4th quarter worth $27,386,000. Raymond James Financial Inc. purchased a new position in shares of Nomad Foods during the fourth quarter valued at $11,967,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of Nomad Foods by 62.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company’s stock valued at $12,753,000 after acquiring an additional 291,258 shares in the last quarter. Perpetual Ltd lifted its stake in Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after acquiring an additional 282,175 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock worth $38,968,000 after acquiring an additional 253,086 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Stock Up 1.9 %

Shares of Nomad Foods stock opened at $19.62 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a market cap of $3.01 billion, a P/E ratio of 14.75 and a beta of 0.83. The firm’s 50 day moving average price is $19.28 and its 200-day moving average price is $17.97. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.47%. Nomad Foods’s dividend payout ratio is presently 45.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Nomad Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, April 11th. Barclays boosted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Finally, Mizuho increased their target price on Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th.

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.