Nomad Foods Limited $NOMD Shares Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its position in Nomad Foods Limited (NYSE:NOMD) by 2.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 307,161 shares of the company’s stock after purchasing an additional 6,842 shares during the period. Seizert Capital Partners LLC’s holdings in Nomad Foods were worth $5,219,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Obermeyer Wealth Partners purchased a new position in shares of Nomad Foods in the first quarter worth about $865,000. Factorial Partners LLC lifted its stake in Nomad Foods by 0.5% in the 1st quarter. Factorial Partners LLC now owns 192,100 shares of the company’s stock worth $3,775,000 after purchasing an additional 1,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nomad Foods by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,211,211 shares of the company’s stock worth $23,800,000 after purchasing an additional 70,344 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Nomad Foods during the 1st quarter worth approximately $405,000. Finally, HighTower Advisors LLC grew its position in shares of Nomad Foods by 12.7% in the first quarter. HighTower Advisors LLC now owns 12,729 shares of the company’s stock valued at $250,000 after purchasing an additional 1,432 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Down 0.0%

Shares of NYSE:NOMD opened at $12.07 on Wednesday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.26 and a beta of 0.69. Nomad Foods Limited has a 12-month low of $11.04 and a 12-month high of $20.81. The business has a 50-day moving average price of $12.51 and a 200 day moving average price of $15.38. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $881.94 million during the quarter, compared to analyst estimates of $760.75 million. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. Sell-side analysts expect that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. Nomad Foods’s payout ratio is presently 47.22%.

Wall Street Analysts Forecast Growth

NOMD has been the topic of a number of analyst reports. Barclays reduced their price objective on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. BTIG Research reiterated a “buy” rating and set a $18.00 price target on shares of Nomad Foods in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nomad Foods in a research report on Friday, October 31st. Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Mizuho decreased their target price on shares of Nomad Foods from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.67.

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.