Tudor Investment Corp ET AL Acquires Shares of 102,446 Nomad Foods Limited $NOMD

Tudor Investment Corp ET AL acquired a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 102,446 shares of the company’s stock, valued at approximately $1,347,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Alliancebernstein L.P. boosted its holdings in shares of Nomad Foods by 0.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after purchasing an additional 27,177 shares during the last quarter. Polaris Capital Management LLC lifted its holdings in shares of Nomad Foods by 138.8% in the 3rd quarter. Polaris Capital Management LLC now owns 3,441,900 shares of the company’s stock valued at $45,261,000 after acquiring an additional 2,000,400 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Nomad Foods by 45.4% in the 3rd quarter. Royce & Associates LP now owns 2,451,806 shares of the company’s stock valued at $32,241,000 after acquiring an additional 765,690 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Nomad Foods by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock valued at $22,534,000 after acquiring an additional 117,089 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Nomad Foods by 18.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,412,060 shares of the company’s stock valued at $18,569,000 after acquiring an additional 216,527 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Weiss Ratings downgraded shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. BTIG Research lowered their price target on shares of Nomad Foods from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Barclays reduced their price objective on shares of Nomad Foods from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.75.

Nomad Foods Stock Performance

Shares of NYSE:NOMD opened at $9.65 on Tuesday. The firm has a market cap of $1.37 billion, a PE ratio of 9.46 and a beta of 0.74. The firm’s 50 day simple moving average is $10.95 and its 200-day simple moving average is $11.76. Nomad Foods Limited has a one year low of $9.43 and a one year high of $20.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.07.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.0%. Nomad Foods’s dividend payout ratio (DPR) is 66.67%.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.