13,225 Shares in Nomad Foods Limited (NYSE:NOMD) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new position in Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,225 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NOMD. Nomura Asset Management Co. Ltd. grew its holdings in Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after buying an additional 800 shares in the last quarter. Blue Trust Inc. boosted its stake in Nomad Foods by 70.6% during the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after purchasing an additional 1,448 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after purchasing an additional 804 shares in the last quarter. R Squared Ltd bought a new position in Nomad Foods during the 4th quarter valued at $83,000. Finally, Barclays PLC boosted its stake in Nomad Foods by 53.7% during the 3rd quarter. Barclays PLC now owns 7,681 shares of the company’s stock valued at $146,000 after purchasing an additional 2,682 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOMD has been the subject of a number of research reports. Mizuho decreased their price target 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. Barclays decreased their price target on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th.

Nomad Foods Stock Performance

NOMD opened at $18.87 on Friday. The firm has a market cap of $3.07 billion, a PE ratio of 14.18 and a beta of 0.79. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $17.80. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.05.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.60%. Nomad Foods’s dividend payout ratio (DPR) is currently 51.13%.

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.