Nomad Foods Limited (NYSE:NOMD) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Nomad Foods Limited (NYSE:NOMD) by 15.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 799,879 shares of the company’s stock after purchasing an additional 105,365 shares during the period. Bank of New York Mellon Corp owned 0.52% of Nomad Foods worth $15,718,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. VELA Investment Management LLC raised its holdings in shares of Nomad Foods by 25.9% in the first quarter. VELA Investment Management LLC now owns 57,900 shares of the company’s stock valued at $1,138,000 after buying an additional 11,900 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Nomad Foods by 3.4% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,190 shares of the company’s stock valued at $4,130,000 after acquiring an additional 6,945 shares in the last quarter. First Bank & Trust acquired a new position in shares of Nomad Foods during the first quarter worth about $219,000. Vontobel Holding Ltd. raised its holdings in Nomad Foods by 49.2% during the first quarter. Vontobel Holding Ltd. now owns 19,729 shares of the company’s stock worth $388,000 after purchasing an additional 6,504 shares in the last quarter. Finally, Townsend & Associates Inc lifted its position in Nomad Foods by 1.8% in the first quarter. Townsend & Associates Inc now owns 1,617,466 shares of the company’s stock valued at $31,783,000 after purchasing an additional 28,414 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Trading Down 0.7%

Shares of NOMD opened at $17.47 on Friday. The stock’s fifty day simple moving average is $17.42 and its 200 day simple moving average is $18.20. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.68 billion, a P/E ratio of 11.65 and a beta of 0.73.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $822.31 million for the quarter, compared to analysts’ expectations of $769.39 million. Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities research analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Monday, May 12th. Nomad Foods’s dividend payout ratio is currently 45.33%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NOMD shares. Barclays set a $20.00 price objective on shares of Nomad Foods and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen lowered Nomad Foods from a “buy” rating to a “hold” rating in a report on Friday, May 9th.

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.