Charles Schwab Investment Management Inc. Acquires 114,026 Shares of Nomad Foods Limited (NYSE:NOMD)

Charles Schwab Investment Management Inc. increased its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,140,867 shares of the company’s stock after purchasing an additional 114,026 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.70% of Nomad Foods worth $19,144,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

NOMD has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Barclays lifted their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

Nomad Foods Price Performance

NYSE NOMD opened at $19.59 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81. The company has a market capitalization of $3.01 billion, a PE ratio of 14.73 and a beta of 0.77. The firm’s 50 day moving average is $18.18 and its 200-day moving average is $17.94.

Nomad Foods Increases Dividend

The company also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 3.47%. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods’s payout ratio is presently 45.03%.

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.