Doma Perpetual Capital Management LLC Makes New $2.16 Million Investment in Nomad Foods Limited $NOMD

Doma Perpetual Capital Management LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the third quarter, Holdings Channel.com reports. The firm bought 164,596 shares of the company’s stock, valued at approximately $2,164,000. Nomad Foods accounts for approximately 0.7% of Doma Perpetual Capital Management LLC’s holdings, making the stock its 11th largest holding.

Several other hedge funds have also modified their holdings of NOMD. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the third quarter valued at approximately $43,000. Mondrian Investment Partners LTD acquired a new position in Nomad Foods during the 3rd quarter worth $44,000. Osaic Holdings Inc. boosted its position in Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after buying an additional 1,240 shares during the last quarter. Arizona PSPRS Trust bought a new position in Nomad Foods in the 3rd quarter valued at $121,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nomad Foods in the 3rd quarter valued at $144,000. 75.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NOMD. Mizuho dropped their target price on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Barclays decreased their price target on Nomad Foods from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. BTIG Research dropped their price objective on Nomad Foods from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Weiss Ratings downgraded shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.67.

Nomad Foods Stock Performance

NOMD stock opened at $9.85 on Monday. The business’s fifty day moving average is $11.91 and its 200-day moving average is $12.42. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.40 billion, a P/E ratio of 9.65 and a beta of 0.74. Nomad Foods Limited has a twelve month low of $9.54 and a twelve month high of $20.29.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.68 annualized dividend and a yield of 6.9%. Nomad Foods’s dividend payout ratio is presently 66.67%.

Nomad Foods Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.