American Century Companies Inc. Has $7.86 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

American Century Companies Inc. cut its holdings in Nomad Foods Limited (NYSE:NOMD) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 477,087 shares of the company’s stock after selling 14,676 shares during the quarter. American Century Companies Inc. owned 0.29% of Nomad Foods worth $7,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NOMD. Blue Trust Inc. increased its stake in shares of Nomad Foods by 133.2% in the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 934 shares in the last quarter. Headlands Technologies LLC bought a new stake in Nomad Foods in the second quarter valued at $42,000. National Bank of Canada FI raised its holdings in shares of Nomad Foods by 378.4% during the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock valued at $46,000 after purchasing an additional 2,195 shares during the period. nVerses Capital LLC bought a new position in shares of Nomad Foods during the 2nd quarter worth about $120,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Nomad Foods in the 1st quarter valued at about $201,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NOMD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price target on Nomad Foods from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Barclays cut their target price on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, September 9th.

Nomad Foods Stock Performance

Shares of Nomad Foods stock opened at $18.99 on Tuesday. The company has a market cap of $3.09 billion, a PE ratio of 15.83 and a beta of 0.78. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05. The business has a 50 day moving average price of $18.68 and a 200-day moving average price of $18.32.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $810.64 million for the quarter, compared to the consensus estimate of $822.21 million. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. Equities analysts anticipate that Nomad Foods Limited will post 1.96 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Saturday, August 10th were paid a $0.15 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.16%. Nomad Foods’s payout ratio is presently 50.00%.

Nomad Foods Company Profile

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.