Nomad Foods Limited $NOMD Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,720 shares of the company’s stock after selling 4,709 shares during the quarter. Invesco Ltd.’s holdings in Nomad Foods were worth $1,154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NOMD. Vident Advisory LLC acquired a new position in shares of Nomad Foods during the fourth quarter valued at $9,003,000. Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 17.3% during the first quarter. Victory Capital Management Inc. now owns 2,724,866 shares of the company’s stock valued at $53,544,000 after acquiring an additional 402,599 shares during the period. Congress Asset Management Co. acquired a new position in shares of Nomad Foods during the first quarter valued at $7,383,000. Two Sigma Advisers LP boosted its holdings in shares of Nomad Foods by 41.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,265,000 shares of the company’s stock valued at $21,227,000 after acquiring an additional 373,800 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Nomad Foods by 60.5% during the fourth quarter. Two Sigma Investments LP now owns 948,389 shares of the company’s stock valued at $15,914,000 after acquiring an additional 357,443 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NOMD stock opened at $15.51 on Tuesday. The company has a market capitalization of $2.38 billion, a P/E ratio of 10.62 and a beta of 0.70. The company has a 50-day simple moving average of $16.59 and a 200 day simple moving average of $18.01. Nomad Foods Limited has a fifty-two week low of $14.72 and a fifty-two week high of $20.81. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The firm had revenue of $879.27 million for the quarter, compared to analysts’ expectations of $762.81 million. During the same period in the previous year, the business earned $0.44 earnings per share. Nomad Foods’s revenue for the quarter was down .8% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.17 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.68 annualized dividend and a yield of 4.4%. Nomad Foods’s payout ratio is 46.58%.

Wall Street Analysts Forecast Growth

NOMD has been the subject of several analyst reports. Wall Street Zen downgraded shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Barclays reduced their price objective on shares of Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Mizuho reduced their price objective on shares of Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Nomad Foods has an average rating of “Buy” and a consensus price target of $20.33.

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.