Sei Investments Co. Sells 4,501 Shares of Nomad Foods Limited (NYSE:NOMD)

Sei Investments Co. decreased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,337 shares of the company’s stock after selling 4,501 shares during the period. Sei Investments Co. owned 0.09% of Nomad Foods worth $2,590,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Nomad Foods in the 4th quarter worth $11,967,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Nomad Foods by 62.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company’s stock valued at $12,753,000 after buying an additional 291,258 shares during the period. Perpetual Ltd grew its position in Nomad Foods by 64.9% during the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after buying an additional 282,175 shares in the last quarter. Victory Capital Management Inc. increased its stake in Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after acquiring an additional 253,086 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in Nomad Foods in the 4th quarter valued at approximately $2,766,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Performance

Shares of Nomad Foods stock opened at $19.40 on Friday. The stock’s fifty day simple moving average is $18.92 and its 200 day simple moving average is $17.98. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.98 billion, a PE ratio of 14.59 and a beta of 0.83. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81.

Nomad Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.17 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. Nomad Foods’s dividend payout ratio is presently 45.03%.

Analysts Set New Price Targets

Several analysts have recently weighed in on NOMD shares. Mizuho lifted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Barclays lifted their price objective on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

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.