Nomad Foods Limited (NYSE:NOMD) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in Nomad Foods Limited (NYSE:NOMD) by 72.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,429 shares of the company’s stock after selling 169,926 shares during the quarter. Invesco Ltd.’s holdings in Nomad Foods were worth $1,064,000 at the end of the most recent reporting period.

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

Nomad Foods Trading Down 1.5 %

Nomad Foods stock opened at $19.70 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The firm’s 50-day moving average is $19.51 and its 200-day moving average is $18.08. The company has a market cap of $3.02 billion, a P/E ratio of 14.81 and a beta of 0.83.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.45%. Nomad Foods’s payout ratio is 45.03%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com cut shares of Nomad Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 25th. Mizuho upped their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Finally, Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

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.