Sei Investments Co. lifted its stake in shares of Nomad Foods Limited (NYSE:NOMD – Free Report) by 68.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 518,813 shares of the company’s stock after purchasing an additional 211,183 shares during the period. Sei Investments Co. owned approximately 0.37% of Nomad Foods worth $4,986,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. WealthCollab LLC boosted its stake in shares of Nomad Foods by 242.0% during the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after buying an additional 1,452 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Nomad Foods by 3,231.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after acquiring an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Nomad Foods by 469.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after purchasing an additional 1,996 shares during the last quarter. Osaic Holdings Inc. grew its stake in Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after buying an additional 1,240 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the third quarter valued at about $43,000. Institutional investors and hedge funds own 75.26% of the company’s stock.
Nomad Foods Stock Performance
NOMD stock opened at $11.81 on Thursday. The company has a 50 day moving average price of $11.04 and a 200 day moving average price of $10.83. Nomad Foods Limited has a fifty-two week low of $8.99 and a fifty-two week high of $16.29. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66. The stock has a market capitalization of $1.65 billion, a PE ratio of 11.47 and a beta of 0.69.
Nomad Foods Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, August 11th. Nomad Foods’s payout ratio is currently 66.02%.
Insider Buying and Selling at Nomad Foods
In other Nomad Foods news, Director Ian G. H. Ashken bought 100,000 shares of Nomad Foods stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $9.13 per share, with a total value of $913,000.00. Following the purchase, the director owned 116,916 shares of the company’s stock, valued at $1,067,443.08. This trade represents a 591.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dominic Brisby purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $9.79 per share, with a total value of $1,468,500.00. Following the completion of the purchase, the chief executive officer owned 676,794 shares of the company’s stock, valued at $6,625,813.26. The trade was a 28.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 264,731 shares of company stock worth $2,524,538. Company insiders own 17.27% of the company’s stock.
Analyst Ratings Changes
NOMD has been the topic of several research reports. BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a report on Wednesday, May 13th. Barclays increased their price objective on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 target price on shares of Nomad Foods in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.25.
Get Our Latest Stock Report on Nomad Foods
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.
Read More
- Five stocks we like better than Nomad Foods
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.
