Nebula Research & Development LLC Buys 11,003 Shares of Nomad Foods Limited (NYSE:NOMD)

Nebula Research & Development LLC lifted its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,368 shares of the company’s stock after purchasing an additional 11,003 shares during the quarter. Nebula Research & Development LLC’s holdings in Nomad Foods were worth $1,261,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in Nomad Foods during the 3rd quarter valued at $835,000. Boston Partners increased its position in shares of Nomad Foods by 30.6% during the fourth quarter. Boston Partners now owns 7,206,884 shares of the company’s stock worth $122,251,000 after acquiring an additional 1,688,624 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Nomad Foods in the 4th quarter worth about $697,000. BNP Paribas Financial Markets lifted its position in Nomad Foods by 560.2% in the 4th quarter. BNP Paribas Financial Markets now owns 55,281 shares of the company’s stock valued at $937,000 after acquiring an additional 46,907 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in Nomad Foods by 9.0% during the 4th quarter. Armistice Capital LLC now owns 1,403,633 shares of the company’s stock worth $23,792,000 after purchasing an additional 116,438 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Stock Down 0.3 %

Shares of NOMD traded down $0.05 during trading hours on Tuesday, reaching $17.24. 116,577 shares of the stock traded hands, compared to its average volume of 663,543. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05. The stock has a fifty day simple moving average of $18.30 and a 200 day simple moving average of $18.02. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 14.31 and a beta of 0.79. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Nomad Foods had a return on equity of 9.68% and a net margin of 6.10%. The company had revenue of $850.90 million during the quarter, compared to analysts’ expectations of $858.61 million. On average, equities analysts forecast that Nomad Foods Limited will post 1.9 EPS for the current year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Thursday, May 9th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.48%. Nomad Foods’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

Separately, Mizuho raised their target price on Nomad Foods from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 10th.

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.