Robeco Institutional Asset Management B.V. Has $1.62 Million Stock Position in Nomad Foods Limited $NOMD

Robeco Institutional Asset Management B.V. cut its position in shares of Nomad Foods Limited (NYSE:NOMD) by 73.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,279 shares of the company’s stock after selling 344,616 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Nomad Foods worth $1,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOMD. Townsend & Associates Inc raised its stake in shares of Nomad Foods by 6.0% in the 3rd quarter. Townsend & Associates Inc now owns 764,872 shares of the company’s stock valued at $9,347,000 after buying an additional 43,110 shares in the last quarter. Moody Aldrich Partners LLC raised its position in Nomad Foods by 188.1% in the third quarter. Moody Aldrich Partners LLC now owns 247,558 shares of the company’s stock worth $3,255,000 after purchasing an additional 161,623 shares in the last quarter. Thompson Investment Management Inc. grew its stake in shares of Nomad Foods by 5.6% in the 3rd quarter. Thompson Investment Management Inc. now owns 228,386 shares of the company’s stock valued at $3,003,000 after purchasing an additional 12,213 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Nomad Foods by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 29,381 shares of the company’s stock worth $386,000 after buying an additional 5,346 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Nomad Foods by 5.3% in the 3rd quarter. Sound Income Strategies LLC now owns 203,640 shares of the company’s stock valued at $2,543,000 after buying an additional 10,276 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on NOMD. BTIG Research reiterated a “buy” rating and set a $18.00 price objective on shares of Nomad Foods in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nomad Foods in a report on Friday, October 31st. Mizuho cut their target price on shares of Nomad Foods from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Nomad Foods Stock Performance

NOMD stock opened at $12.04 on Monday. The company has a 50 day moving average price of $12.19 and a 200 day moving average price of $13.92. Nomad Foods Limited has a fifty-two week low of $11.04 and a fifty-two week high of $20.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.59. The stock has a market capitalization of $1.85 billion, a PE ratio of 8.36 and a beta of 0.71.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Nomad Foods had a net margin of 6.56% and a return on equity of 9.73%. The firm had revenue of $881.94 million during the quarter, compared to analyst estimates of $760.75 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. Nomad Foods’s dividend payout ratio is 47.22%.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.