Loomis Sayles & Co. L P Has $28.01 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

Loomis Sayles & Co. L P raised its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,669,097 shares of the company’s stock after acquiring an additional 250,600 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Nomad Foods were worth $28,007,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NOMD. EntryPoint Capital LLC acquired a new position in Nomad Foods in the fourth quarter valued at approximately $215,000. Vanguard Group Inc. raised its position in shares of Nomad Foods by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 933,883 shares of the company’s stock valued at $15,671,000 after acquiring an additional 33,058 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Nomad Foods in the 4th quarter valued at $191,000. American Century Companies Inc. boosted its position in shares of Nomad Foods by 1.2% in the 4th quarter. American Century Companies Inc. now owns 383,508 shares of the company’s stock worth $6,435,000 after purchasing an additional 4,575 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Nomad Foods by 23.0% during the fourth quarter. Quantbot Technologies LP now owns 33,733 shares of the company’s stock worth $566,000 after purchasing an additional 6,300 shares during the period. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Up 0.5 %

NYSE:NOMD opened at $19.67 on Friday. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock has a 50-day moving average price of $18.56 and a two-hundred day moving average price of $17.96. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.79 and a beta of 0.77. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. Nomad Foods’s payout ratio is currently 45.03%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NOMD shares. Barclays increased their target price on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Mizuho lifted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th.

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.