11,537 Shares in Nomad Foods Limited (NYSE:NOMD) Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in Nomad Foods Limited (NYSE:NOMD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 11,537 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently modified their holdings of the stock. PDT Partners LLC raised its position in shares of Nomad Foods by 25.0% in the 3rd quarter. PDT Partners LLC now owns 143,851 shares of the company’s stock valued at $2,742,000 after buying an additional 28,796 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Nomad Foods by 25.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Nomad Foods by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,841 shares of the company’s stock worth $19,572,000 after purchasing an additional 48,303 shares during the last quarter. Factorial Partners LLC boosted its holdings in shares of Nomad Foods by 4.4% in the 3rd quarter. Factorial Partners LLC now owns 188,100 shares of the company’s stock valued at $3,585,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake 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 during the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Performance

Nomad Foods stock opened at $16.67 on Thursday. The business has a 50 day moving average of $17.43 and a 200-day moving average of $17.85. The company has a market capitalization of $2.72 billion, a P/E ratio of 12.53 and a beta of 0.78. Nomad Foods Limited has a 1 year low of $15.99 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.60%. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOMD. Deutsche Bank Aktiengesellschaft reduced their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Mizuho dropped their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th.

Nomad Foods 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.