Quantbot Technologies LP Acquires 6,300 Shares of Nomad Foods Limited (NYSE:NOMD)

Quantbot Technologies LP boosted its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,733 shares of the company’s stock after acquiring an additional 6,300 shares during the quarter. Quantbot Technologies LP’s holdings in Nomad Foods were worth $566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Nomad Foods by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company’s stock worth $19,144,000 after purchasing an additional 114,026 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Nomad Foods during the 4th quarter worth about $11,967,000. River Road Asset Management LLC grew its position 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 buying an additional 24,775 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Nomad Foods by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company’s stock valued at $459,000 after buying an additional 2,535 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of Nomad Foods by 11.5% during the third quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock worth $24,151,000 after acquiring an additional 130,792 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Stock Up 0.5 %

Shares of Nomad Foods stock opened at $19.67 on Friday. The stock’s 50-day moving average is $18.56 and its 200 day moving average is $17.96. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.81. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 14.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods’s dividend payout ratio is presently 45.03%.

Analyst Upgrades and Downgrades

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

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.