Farther Finance Advisors LLC Acquires Shares of 15,274 Nomad Foods Limited (NYSE:NOMD)

Farther Finance Advisors LLC bought a new stake in shares of Nomad Foods Limited (NYSE:NOMD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,274 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the fourth quarter valued at about $62,000. Parkside Financial Bank & Trust increased its position in shares of Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock valued at $63,000 after acquiring an additional 670 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Nomad Foods in the 4th quarter valued at approximately $76,000. Tower Research Capital LLC TRC raised its stake in shares of Nomad Foods by 13,508.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the company’s stock valued at $107,000 after acquiring an additional 6,349 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Nomad Foods in the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $16.96 on Wednesday. The company’s fifty day moving average price is $18.44 and its 200 day moving average price is $18.19. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.66. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The firm has a market capitalization of $2.60 billion, a P/E ratio of 11.31 and a beta of 0.75.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Nomad Foods had a return on equity of 10.60% and a net margin of 7.35%. The business had revenue of $822.31 million for the quarter, compared to analysts’ expectations of $769.39 million. During the same quarter last year, the business posted $0.37 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods’s payout ratio is currently 45.33%.

Analyst Ratings Changes

NOMD has been the subject of several recent research reports. Mizuho raised 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. Barclays upped their target price 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, Wall Street Zen cut Nomad Foods from a “buy” rating to a “hold” rating in a research note on Friday, May 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.