Paragon Capital Management Ltd Cuts Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Paragon Capital Management Ltd lowered its position in shares of Nomad Foods Limited (NYSE:NOMD) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,166 shares of the company’s stock after selling 2,642 shares during the quarter. Paragon Capital Management Ltd’s holdings in Nomad Foods were worth $204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of Nomad Foods by 61.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC acquired a new position in Nomad Foods in the second quarter valued at $42,000. Quarry LP boosted its stake in Nomad Foods by 366.5% in the second quarter. Quarry LP now owns 3,004 shares of the company’s stock valued at $50,000 after acquiring an additional 2,360 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after acquiring an additional 804 shares in the last quarter. Finally, Barclays PLC boosted its stake in Nomad Foods by 53.7% in the third quarter. Barclays PLC now owns 7,681 shares of the company’s stock valued at $146,000 after acquiring an additional 2,682 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Trading Up 1.1 %

Shares of NOMD opened at $16.81 on Thursday. The stock has a fifty day moving average of $17.05 and a two-hundred day moving average of $17.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market capitalization of $2.74 billion, a PE ratio of 12.64 and a beta of 0.79. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.05.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. Nomad Foods’s dividend payout ratio is presently 45.11%.

Analyst Upgrades and Downgrades

NOMD has been the subject of several research analyst reports. Mizuho decreased their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered their price target on 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 raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

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.