Aristides Capital LLC Invests $231,000 in Nomad Foods Limited (NYSE:NOMD)

Aristides Capital LLC bought a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,991 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. lifted its holdings in shares of Nomad Foods by 424.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 33,055 shares of the company’s stock valued at $545,000 after buying an additional 26,755 shares during the period. Quarry LP boosted its position in Nomad Foods by 366.5% in the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock worth $50,000 after purchasing an additional 2,360 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Nomad Foods in the 2nd quarter worth approximately $703,000. Marshall Wace LLP acquired a new stake in shares of Nomad Foods during the 2nd quarter worth approximately $313,000. Finally, Applied Fundamental Research LLC increased its holdings in shares of Nomad Foods by 7.5% during the 2nd quarter. Applied Fundamental Research LLC now owns 906,605 shares of the company’s stock valued at $14,941,000 after purchasing an additional 63,300 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

NYSE:NOMD opened at $19.07 on Tuesday. The firm has a market cap of $3.11 billion, a P/E ratio of 15.89 and a beta of 0.78. The stock has a 50 day moving average of $18.76 and a two-hundred day moving average of $18.30. Nomad Foods Limited has a 12 month low of $13.56 and a 12 month high of $20.05. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80.

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

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Friday, August 9th. Nomad Foods’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analyst Weigh In

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

About Nomad Foods

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.