Headlands Technologies LLC Buys Shares of 4,501 Nomad Foods Limited (NYSE:NOMD)

Headlands Technologies LLC bought a new position in Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,501 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in Nomad Foods by 2.5% in the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company’s stock valued at $129,346,000 after buying an additional 187,146 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of Nomad Foods by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company’s stock valued at $67,866,000 after acquiring an additional 24,775 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after acquiring an additional 253,086 shares in the last quarter. Wellington Management Group LLP grew its position in Nomad Foods by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock worth $36,345,000 after acquiring an additional 39,739 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Nomad Foods by 17.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,669,097 shares of the company’s stock worth $28,007,000 after purchasing an additional 250,600 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price target on Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Mizuho boosted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th.

Nomad Foods Trading Down 2.5 %

NYSE NOMD opened at $19.40 on Monday. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.98 billion, a PE ratio of 14.59 and a beta of 0.83. The business’s 50-day moving average price is $18.92 and its two-hundred day moving average price is $17.96.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio is currently 45.03%.

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.