MQS Management LLC Makes New $350,000 Investment in Nomad Foods Limited (NYSE:NOMD)

MQS Management LLC purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,389 shares of the company’s stock, valued at approximately $350,000.

A number of other institutional investors have also modified their holdings of the company. Swedbank AB purchased a new stake in Nomad Foods in the 1st quarter worth approximately $10,425,000. Assenagon Asset Management S.A. grew its position in shares of Nomad Foods by 123.2% in the second quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company’s stock valued at $9,043,000 after purchasing an additional 302,913 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Nomad Foods in the second quarter valued at $251,000. Townsend & Associates Inc increased its stake in Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock valued at $26,976,000 after purchasing an additional 53,694 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Nomad Foods by 8.3% during the second quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after buying an additional 320,900 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Ratings Changes

NOMD has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, StockNews.com downgraded Nomad Foods from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Nomad Foods Trading Up 3.4 %

NYSE NOMD opened at $16.81 on Friday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 12.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. Nomad Foods Limited has a one year low of $15.76 and a one year high of $20.05. The company’s 50 day moving average price is $18.24 and its 200 day moving average price is $17.99.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. Nomad Foods’s payout ratio is 44.44%.

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.