Nomad Foods (NYSE:NOMD) Price Target Lowered to $19.00 at Barclays

Nomad Foods (NYSE:NOMD) had its price target reduced by Barclays from $21.00 to $19.00 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently commented on NOMD. Deutsche Bank Aktiengesellschaft dropped 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. Mizuho lowered their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Nomad Foods Trading Up 0.6 %

Shares of NOMD stock opened at $17.00 on Friday. Nomad Foods has a 1-year low of $15.43 and a 1-year high of $20.05. The firm’s 50-day simple moving average is $17.03 and its 200-day simple moving average is $17.80. The firm has a market cap of $2.77 billion, a P/E ratio of 12.78 and a beta of 0.79. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is presently 45.11%.

Institutional Trading of Nomad Foods

Several large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P lifted its stake in shares of 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 worth $27,036,000 after purchasing an additional 289,090 shares in the last quarter. Perpetual Ltd lifted its position in Nomad Foods by 64.9% during the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after acquiring an additional 282,175 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Nomad Foods during the 2nd quarter worth approximately $2,412,000. Systematic Financial Management LP grew its position in Nomad Foods by 11.5% in the third quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock valued at $24,151,000 after acquiring an additional 130,792 shares in the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of Nomad Foods by 2.9% during the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock valued at $76,615,000 after purchasing an additional 114,750 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

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.