Barclays PLC Boosts Stock Position in Nomad Foods Limited (NYSE:NOMD)

Barclays PLC grew its holdings in Nomad Foods Limited (NYSE:NOMD) by 53.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,681 shares of the company’s stock after buying an additional 2,682 shares during the period. Barclays PLC’s holdings in Nomad Foods were worth $146,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. boosted its holdings in Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after acquiring an additional 800 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after acquiring an additional 804 shares in the last quarter. Custom Index Systems LLC boosted its holdings in Nomad Foods by 4.7% in the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after acquiring an additional 847 shares in the last quarter. State Street Corp boosted its holdings in Nomad Foods by 0.6% in the third quarter. State Street Corp now owns 182,004 shares of the company’s stock worth $3,469,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Nomad Foods by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company’s stock worth $3,864,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

NOMD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. Mizuho decreased their target price on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Barclays decreased their target price on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Nomad Foods Trading Down 2.8 %

Nomad Foods stock opened at $16.40 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.05. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 12.33 and a beta of 0.79. The stock has a 50-day moving average price of $17.04 and a 200 day moving average price of $17.82.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is presently 45.11%.

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.