Bank of New York Mellon Corp Has $11.65 Million Position in Nomad Foods Limited (NYSE:NOMD)

Bank of New York Mellon Corp trimmed its position in Nomad Foods Limited (NYSE:NOMD) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,514 shares of the company’s stock after selling 89,687 shares during the period. Bank of New York Mellon Corp owned approximately 0.43% of Nomad Foods worth $11,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NOMD. Loomis Sayles & Co. L P increased its stake in Nomad Foods by 25.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Perpetual Ltd increased its position in shares of Nomad Foods by 64.9% in the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock valued at $12,032,000 after buying an additional 282,175 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Nomad Foods in the 4th quarter valued at $2,766,000. Systematic Financial Management LP raised its stake in Nomad Foods by 11.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock worth $24,151,000 after buying an additional 130,792 shares during the period. Finally, Invenomic Capital Management LP lifted its holdings in Nomad Foods by 6.4% during the third quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company’s stock worth $29,213,000 after acquiring an additional 92,844 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NOMD shares. Mizuho increased their price target on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Barclays lifted their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd.

Nomad Foods Price Performance

NOMD stock opened at $19.43 on Friday. The stock has a 50-day moving average price of $17.92 and a two-hundred day moving average price of $17.92. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock has a market cap of $2.98 billion, a PE ratio of 14.61 and a beta of 0.77. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.50%. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

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.