Robeco Schweiz AG Has $9.79 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

Robeco Schweiz AG lessened its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 577,305 shares of the company’s stock after selling 145,871 shares during the period. Robeco Schweiz AG owned about 0.33% of Nomad Foods worth $9,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new stake in shares of Nomad Foods during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC bought a new stake in shares of Nomad Foods during the 4th quarter worth approximately $76,000. Quantbot Technologies LP lifted its holdings in shares of Nomad Foods by 160.0% during the 3rd quarter. Quantbot Technologies LP now owns 9,675 shares of the company’s stock worth $147,000 after acquiring an additional 5,954 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Nomad Foods by 10.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company’s stock worth $199,000 after acquiring an additional 1,229 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Nomad Foods during the 4th quarter worth approximately $199,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Trading Down 0.7 %

Shares of Nomad Foods stock traded down $0.12 during trading on Tuesday, hitting $17.17. The company’s stock had a trading volume of 4,513 shares, compared to its average volume of 662,542. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.73. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 14.41 and a beta of 0.79. The stock has a 50-day moving average price of $18.30 and a two-hundred day moving average price of $18.02.

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 business had revenue of $850.90 million for the quarter, compared to analyst estimates of $858.61 million. Equities research analysts anticipate that Nomad Foods Limited will post 1.9 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.49%. Nomad Foods’s payout ratio is currently 50.00%.

Analyst Ratings Changes

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

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.