Tudor Investment Corp ET AL Purchases Shares of 102,446 Nomad Foods Limited $NOMD

Tudor Investment Corp ET AL acquired a new stake in Nomad Foods Limited (NYSE:NOMD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 102,446 shares of the company’s stock, valued at approximately $1,347,000. Tudor Investment Corp ET AL owned approximately 0.07% of Nomad Foods as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOMD. Johnson Financial Group Inc. bought a new stake in Nomad Foods in the third quarter valued at about $43,000. Mondrian Investment Partners LTD bought a new position in Nomad Foods during the third quarter worth about $44,000. Osaic Holdings Inc. lifted its stake in Nomad Foods by 87.4% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after purchasing an additional 1,240 shares during the period. Arizona PSPRS Trust acquired a new stake in Nomad Foods during the third quarter valued at approximately $121,000. Finally, Virtu Financial LLC acquired a new stake in Nomad Foods during the third quarter valued at approximately $144,000. 75.26% of the stock is owned by institutional investors.

Nomad Foods Stock Up 0.2%

Shares of NOMD opened at $9.76 on Monday. The company has a market capitalization of $1.39 billion, a P/E ratio of 9.56 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 0.66. Nomad Foods Limited has a one year low of $9.46 and a one year high of $20.29. The business’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $12.06.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Wednesday, February 11th. Nomad Foods’s dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of recent research reports. Barclays dropped their target price on Nomad Foods from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Mizuho lowered their price target on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. BTIG Research cut their price objective on Nomad Foods from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings downgraded shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Nomad Foods currently has an average rating of “Hold” and an average target price of $13.67.

Nomad Foods Company Profile

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.