Mutual of America Capital Management LLC Sells 1,603 Shares of Nomad Foods Limited (NYSE:NOMD)

Mutual of America Capital Management LLC lowered its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 184,724 shares of the company’s stock after selling 1,603 shares during the period. Mutual of America Capital Management LLC owned about 0.11% of Nomad Foods worth $3,044,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their target price on Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Barclays cut their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th.

Nomad Foods Price Performance

Shares of NOMD opened at $18.99 on Tuesday. The firm has a fifty day simple moving average of $18.68 and a two-hundred day simple moving average of $18.32. Nomad Foods Limited has a 1-year low of $13.56 and a 1-year high of $20.05. The firm has a market cap of $3.09 billion, a PE ratio of 15.83 and a beta of 0.78. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80.

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

Nomad Foods Announces Dividend

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

Nomad Foods 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.