Oppenheimer Asset Management Inc. Raises Holdings in Nomad Foods Limited (NYSE:NOMD)

Oppenheimer Asset Management Inc. boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,773 shares of the company’s stock after purchasing an additional 4,165 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Nomad Foods were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 934 shares during the period. Headlands Technologies LLC bought a new stake in Nomad Foods in the 2nd quarter worth $42,000. National Bank of Canada FI increased its position in shares of Nomad Foods by 378.4% in the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock valued at $46,000 after acquiring an additional 2,195 shares during the period. nVerses Capital LLC bought a new position in shares of Nomad Foods during the second quarter valued at about $120,000. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Nomad Foods during the first quarter worth about $201,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

Nomad Foods stock opened at $19.73 on Friday. Nomad Foods Limited has a fifty-two week low of $13.56 and a fifty-two week high of $20.05. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 16.44 and a beta of 0.78. The stock’s 50 day simple moving average is $18.65 and its two-hundred day simple moving average is $18.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. As a group, analysts expect that Nomad Foods Limited will post 1.96 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Saturday, August 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 3.04%. Nomad Foods’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays reduced their price target on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

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.