Campbell & CO Investment Adviser LLC Trims Stake in Nomad Foods Limited $NOMD

Campbell & CO Investment Adviser LLC lessened its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 25.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,116 shares of the company’s stock after selling 5,789 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Nomad Foods were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NOMD. Summit Securities Group LLC purchased a new position in Nomad Foods during the first quarter valued at $32,000. State of Wyoming raised its stake in shares of Nomad Foods by 56.6% in the first quarter. State of Wyoming now owns 9,466 shares of the company’s stock worth $186,000 after buying an additional 3,421 shares during the period. Sciencast Management LP purchased a new position in shares of Nomad Foods during the 1st quarter valued at about $196,000. Penn Mutual Asset Management purchased a new position in shares of Nomad Foods during the 1st quarter valued at about $246,000. Finally, HighTower Advisors LLC grew its stake in shares of Nomad Foods by 12.7% during the 1st quarter. HighTower Advisors LLC now owns 12,729 shares of the company’s stock valued at $250,000 after acquiring an additional 1,432 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nomad Foods in a research report on Friday, October 31st. BTIG Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of Nomad Foods in a report on Monday, November 10th. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Barclays decreased their price target on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Mizuho dropped their price objective 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. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nomad Foods has a consensus rating of “Hold” and a consensus price target of $18.67.

Nomad Foods Stock Down 1.0%

NYSE NOMD opened at $12.07 on Tuesday. The stock has a 50 day moving average price of $12.55 and a 200-day moving average price of $15.44. Nomad Foods Limited has a one year low of $11.04 and a one year high of $20.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02. The company has a market capitalization of $1.85 billion, a P/E ratio of 8.27 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $881.94 million during the quarter, compared to the consensus estimate of $760.75 million. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. As a group, equities analysts predict that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, November 10th. Nomad Foods’s dividend payout ratio is currently 47.22%.

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.