Nomad Foods Limited (NYSE:NOMD) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its position in Nomad Foods Limited (NYSE:NOMD) by 19.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,433 shares of the company’s stock after selling 6,805 shares during the period. Quantbot Technologies LP’s holdings in Nomad Foods were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Nomad Foods by 133.2% in the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after acquiring an additional 934 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Nomad Foods in the 2nd quarter valued at approximately $42,000. National Bank of Canada FI raised its position in shares of Nomad Foods by 378.4% during the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock valued at $46,000 after buying an additional 2,195 shares during the period. Quarry LP grew its position in Nomad Foods by 366.5% in the second quarter. Quarry LP now owns 3,004 shares of the company’s stock worth $50,000 after acquiring an additional 2,360 shares during the period. Finally, Avior Wealth Management LLC increased its stake in Nomad Foods by 25.8% during 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 during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NOMD shares. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th.

Nomad Foods Price Performance

Shares of NOMD opened at $17.93 on Wednesday. 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 fifty-two week low of $15.99 and a fifty-two week high of $20.05. The company has a market cap of $2.92 billion, a P/E ratio of 13.48 and a beta of 0.78. The firm’s 50 day moving average price is $17.73 and its 200 day moving average price is $17.92.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.35%. The ex-dividend date was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

Nomad Foods Company Profile

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.