Jane Street Group LLC Raises Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Jane Street Group LLC grew its stake in Nomad Foods Limited (NYSE:NOMD) by 285.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,489 shares of the company’s stock after acquiring an additional 37,377 shares during the quarter. Jane Street Group LLC’s holdings in Nomad Foods were worth $847,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its position in Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after buying an additional 670 shares during the period. Legal & General Group Plc lifted its position in Nomad Foods by 3.3% during the fourth quarter. Legal & General Group Plc now owns 25,392 shares of the company’s stock worth $426,000 after buying an additional 800 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Nomad Foods by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,320 shares of the company’s stock worth $1,650,000 after buying an additional 1,270 shares during the period. Blue Trust Inc. lifted its position in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after buying an additional 1,448 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Nomad Foods by 5.2% during the fourth quarter. Handelsbanken Fonder AB now owns 42,800 shares of the company’s stock worth $718,000 after buying an additional 2,100 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Stock Performance

Nomad Foods stock opened at $17.60 on Friday. The stock’s 50-day moving average is $19.15 and its 200-day moving average is $18.18. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 13.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $822.31 million during the quarter, compared to analysts’ expectations of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. Equities analysts anticipate that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.86%. Nomad Foods’s dividend payout ratio (DPR) is 45.33%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Nomad Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Barclays increased their target price on Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Finally, Mizuho increased their target price on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th.

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.