HighTower Advisors LLC Buys New Shares in Nomad Foods Limited (NYSE:NOMD)

HighTower Advisors LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,537 shares of the company’s stock, valued at approximately $218,000.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Nomad Foods by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after purchasing an additional 320,900 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Nomad Foods by 25.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after buying an additional 289,090 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Nomad Foods by 47.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 472,133 shares of the company’s stock valued at $7,781,000 after buying an additional 151,810 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Nomad Foods in the second quarter valued at approximately $2,412,000. Finally, River Road Asset Management LLC boosted its stake in shares of Nomad Foods by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after acquiring an additional 114,750 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NOMD. Mizuho dropped their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Nomad Foods Stock Performance

Shares of NYSE NOMD opened at $16.67 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 12.53 and a beta of 0.78. The stock’s fifty day moving average price is $17.43 and its two-hundred day moving average price is $17.85. Nomad Foods Limited has a one year low of $15.99 and a one year high of $20.05.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is 45.11%.

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.