PYA Waltman Capital LLC Acquires 9,347 Shares of Nomad Foods Limited (NYSE:NOMD)

PYA Waltman Capital LLC grew its stake in Nomad Foods Limited (NYSE:NOMD) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 297,017 shares of the company’s stock after acquiring an additional 9,347 shares during the period. Nomad Foods accounts for approximately 1.6% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 18th biggest holding. PYA Waltman Capital LLC’s holdings in Nomad Foods were worth $4,984,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NOMD. Nomura Asset Management Co. Ltd. boosted its holdings in Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares during the period. Blue Trust Inc. increased its stake in Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after acquiring an additional 1,448 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after purchasing an additional 804 shares in the last quarter. R Squared Ltd bought a new stake in shares of Nomad Foods during the 4th quarter worth $83,000. Finally, Venturi Wealth Management LLC acquired a new position in Nomad Foods during the fourth quarter worth about $124,000. 75.26% of the stock is owned by institutional investors.

Nomad Foods Price Performance

Shares of NOMD opened at $18.38 on Friday. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.05. The stock has a market cap of $3.00 billion, a P/E ratio of 13.82 and a beta of 0.79. The business’s fifty day moving average is $17.10 and its 200 day moving average is $17.79. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.70%. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, February 10th. Nomad Foods’s payout ratio is currently 51.13%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Mizuho dropped their price target on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

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.