Barclays PLC Grows Holdings in Nomad Foods Limited (NYSE:NOMD)

Barclays PLC grew its holdings in Nomad Foods Limited (NYSE:NOMD) by 53.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,681 shares of the company’s stock after purchasing an additional 2,682 shares during the period. Barclays PLC’s holdings in Nomad Foods were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOMD. Vanguard Personalized Indexing Management LLC increased its stake in Nomad Foods by 11.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,051 shares of the company’s stock worth $281,000 after purchasing an additional 1,689 shares during the period. Hsbc Holdings PLC purchased a new stake in Nomad Foods in the second quarter worth $2,412,000. Sei Investments Co. increased its stake in Nomad Foods by 21.5% in the second quarter. Sei Investments Co. now owns 123,356 shares of the company’s stock worth $2,033,000 after purchasing an additional 21,824 shares during the period. Magnetar Financial LLC purchased a new position in shares of Nomad Foods during the second quarter valued at $325,000. Finally, Marshall Wace LLP purchased a new position in shares of Nomad Foods during the second quarter valued at $313,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

NOMD opened at $16.40 on Thursday. The business’s 50-day moving average is $17.04 and its two-hundred day moving average is $17.82. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The firm has a market capitalization of $2.67 billion, a PE ratio of 12.33 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.66%. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

Analyst Upgrades and Downgrades

NOMD has been the topic of several research reports. Mizuho cut their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Barclays cut their price target on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th.

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.