Nomad Foods Limited (NYSE:NOMD) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its holdings in Nomad Foods Limited (NYSE:NOMD) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,084 shares of the company’s stock after selling 2,117 shares during the quarter. Atria Investments Inc’s holdings in Nomad Foods were worth $287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares during the period. Blue Trust Inc. lifted its stake in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after buying an additional 1,448 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after buying an additional 670 shares during the period. Avior Wealth Management LLC increased its position in shares of Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after acquiring an additional 804 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Nomad Foods in the fourth quarter worth approximately $83,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Stock Up 1.6 %

NOMD opened at $19.83 on Tuesday. The company has a market capitalization of $3.04 billion, a PE ratio of 14.91 and a beta of 0.77. 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 $20.81. The business has a 50-day moving average of $18.05 and a 200-day moving average of $17.92.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

Wall Street Analysts Forecast Growth

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

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.