Public Employees Retirement System of Ohio Has $1.06 Million Position in Nomad Foods Limited $NOMD

Public Employees Retirement System of Ohio lessened its holdings in Nomad Foods Limited (NYSE:NOMD) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,577 shares of the company’s stock after selling 2,824 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Nomad Foods were worth $1,063,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Boston Partners boosted its holdings in shares of Nomad Foods by 11.1% in the 1st quarter. Boston Partners now owns 10,209,283 shares of the company’s stock valued at $200,615,000 after purchasing an additional 1,019,957 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Nomad Foods by 0.8% in the 1st quarter. Brown Advisory Inc. now owns 8,442,222 shares of the company’s stock valued at $165,890,000 after purchasing an additional 66,060 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Nomad Foods by 3.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,824,222 shares of the company’s stock valued at $134,096,000 after purchasing an additional 254,314 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,724,866 shares of the company’s stock valued at $53,544,000 after purchasing an additional 402,599 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Nomad Foods by 46.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,851,199 shares of the company’s stock valued at $36,376,000 after purchasing an additional 585,054 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Down 1.0%

Shares of NYSE:NOMD opened at $13.10 on Friday. The firm has a market cap of $2.01 billion, a P/E ratio of 8.97 and a beta of 0.70. 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 Limited has a 12-month low of $12.89 and a 12-month high of $20.81. The business has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $17.09.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $879.27 million during 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 revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. Analysts predict that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Nomad Foods’s dividend payout ratio (DPR) is 46.58%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NOMD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nomad Foods in a report on Saturday, September 27th. Mizuho cut their price objective on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. BTIG Research cut their price objective on Nomad Foods from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Barclays cut their price objective on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nomad Foods presently has an average rating of “Moderate Buy” and an average target price of $19.75.

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.