Acadian Asset Management LLC Makes New $1.55 Million Investment in Nomad Foods Limited $NOMD

Acadian Asset Management LLC acquired a new position in shares of Nomad Foods Limited (NYSE:NOMD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 78,947 shares of the company’s stock, valued at approximately $1,550,000. Acadian Asset Management LLC owned 0.05% of Nomad Foods at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Nomad Foods during the 1st quarter worth about $32,000. Lazard Asset Management LLC purchased a new stake in shares of Nomad Foods during the 4th quarter worth about $134,000. State of Wyoming raised its stake in shares of Nomad Foods by 56.6% during the 1st quarter. State of Wyoming now owns 9,466 shares of the company’s stock worth $186,000 after purchasing an additional 3,421 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Nomad Foods during the 1st quarter worth about $196,000. Finally, Sciencast Management LP purchased a new stake in shares of Nomad Foods during the 1st quarter worth about $196,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NOMD. Mizuho cut their price target on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Barclays cut their price target on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $20.33.

Nomad Foods Price Performance

Shares of NOMD stock opened at $13.77 on Wednesday. The stock’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $17.70. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.63. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 9.43 and a beta of 0.70. Nomad Foods Limited has a one year low of $13.58 and a one year high of $20.81.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $879.27 million for the quarter, compared to analyst estimates of $762.81 million. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.Nomad Foods’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 4.9%. Nomad Foods’s payout ratio is currently 46.58%.

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.