Barclays PLC Grows Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Barclays PLC lifted its position in Nomad Foods Limited (NYSE:NOMD) by 53.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,681 shares of the company’s stock after buying an additional 2,682 shares during the quarter. Barclays PLC’s holdings in Nomad Foods were worth $146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Nomad Foods by 8.3% during the second 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 period. River Road Asset Management LLC increased its stake in 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 buying an additional 114,750 shares during the period. Victory Capital Management Inc. lifted its holdings in Nomad Foods by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company’s stock worth $39,439,000 after buying an additional 18,189 shares in the last quarter. Wellington Management Group LLP boosted its position in Nomad Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock valued at $36,345,000 after buying an additional 39,739 shares during the period. Finally, Townsend & Associates Inc grew its stake in shares of Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after acquiring an additional 53,694 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE:NOMD opened at $16.69 on Wednesday. The firm has a market capitalization of $2.72 billion, a PE ratio of 12.55 and a beta of 0.79. 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 business’s fifty day moving average price is $17.24 and its 200 day moving average price is $17.83. Nomad Foods Limited has a 12 month low of $15.99 and a 12 month high of $20.05.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on 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, Mizuho cut their target price on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th.

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.