State Street Corp Acquires 1,018 Shares of Nomad Foods Limited (NYSE:NOMD)

State Street Corp raised its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,004 shares of the company’s stock after acquiring an additional 1,018 shares during the quarter. State Street Corp owned approximately 0.11% of Nomad Foods worth $3,469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Townsend & Associates Inc increased its position in shares of Nomad Foods by 3.6% during the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after purchasing an additional 53,694 shares in the last quarter. Systematic Financial Management LP increased its position in Nomad Foods by 11.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock valued at $24,151,000 after buying an additional 130,792 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Nomad Foods by 25.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after buying an additional 289,090 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Nomad Foods in the third quarter worth about $218,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Nomad Foods by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,841 shares of the company’s stock worth $19,572,000 after acquiring an additional 48,303 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Trading Up 0.5 %

Shares of Nomad Foods stock opened at $16.64 on Tuesday. Nomad Foods Limited has a fifty-two week low of $15.99 and a fifty-two week high of $20.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market cap of $2.71 billion, a P/E ratio of 12.51 and a beta of 0.78. The firm has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $17.83.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, November 8th. Nomad Foods’s payout ratio is currently 45.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Mizuho reduced their price objective on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

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.