Nomad Foods Limited (NYSE:NOMD) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 65.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,516 shares of the company’s stock after selling 231,210 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Nomad Foods worth $2,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake in Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after purchasing an additional 800 shares during the period. Quarry LP raised its holdings in shares of Nomad Foods by 366.5% during the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock valued at $50,000 after purchasing an additional 2,360 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after acquiring an additional 804 shares during the last quarter. Barclays PLC raised its position in shares of Nomad Foods by 53.7% in the third quarter. Barclays PLC now owns 7,681 shares of the company’s stock valued at $146,000 after purchasing an additional 2,682 shares during the period. Finally, First Bank & Trust acquired a new stake in shares of Nomad Foods in the third quarter worth $192,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on NOMD shares. Mizuho decreased their target price on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Barclays dropped their price target on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 report on Monday, November 4th.

Nomad Foods Trading Down 2.8 %

NOMD stock opened at $16.40 on Thursday. The business has a fifty day moving average price of $17.04 and a 200 day moving average price of $17.82. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 12.33 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. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.05.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

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.