Robeco Institutional Asset Management B.V. Cuts Position in Nomad Foods Limited $NOMD

Robeco Institutional Asset Management B.V. decreased its holdings in Nomad Foods Limited (NYSE:NOMD) by 45.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,046 shares of the company’s stock after selling 56,233 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Nomad Foods were worth $839,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in Nomad Foods by 64.2% in the fourth quarter. Sound Income Strategies LLC now owns 334,277 shares of the company’s stock valued at $3,894,000 after purchasing an additional 130,637 shares during the last quarter. Thompson Investment Management Inc. grew its holdings in Nomad Foods by 36.2% in the fourth quarter. Thompson Investment Management Inc. now owns 311,131 shares of the company’s stock valued at $3,892,000 after purchasing an additional 82,745 shares during the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in Nomad Foods in the fourth quarter valued at $218,000. SG Americas Securities LLC grew its holdings in Nomad Foods by 460.9% in the fourth quarter. SG Americas Securities LLC now owns 231,417 shares of the company’s stock valued at $2,895,000 after purchasing an additional 190,159 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Nomad Foods in the third quarter valued at $1,347,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Up 1.6%

NOMD opened at $9.73 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.38 billion, a P/E ratio of 9.53 and a beta of 0.74. Nomad Foods Limited has a 52 week low of $9.43 and a 52 week high of $20.29. The business’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $11.68.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 11th were paid 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 presently 66.67%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BTIG Research lowered their target price on Nomad Foods from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Barclays lowered their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Tuesday. Mizuho lowered their target price on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Finally, Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.50.

Nomad Foods Company Profile

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.