Nomad Foods Limited (NYSE:NOMD) Shares Sold by Paradice Investment Management LLC

Paradice Investment Management LLC lowered its stake in Nomad Foods Limited (NYSE:NOMD) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,267,002 shares of the company’s stock after selling 85,066 shares during the period. Nomad Foods makes up approximately 4.2% of Paradice Investment Management LLC’s portfolio, making the stock its 13th biggest holding. Paradice Investment Management LLC owned about 0.78% of Nomad Foods worth $21,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NOMD. Venturi Wealth Management LLC acquired a new position in Nomad Foods during the fourth quarter worth $124,000. Vontobel Holding Ltd. acquired a new position in Nomad Foods during the fourth quarter worth $222,000. Empowered Funds LLC acquired a new position in Nomad Foods during the fourth quarter worth $317,000. R Squared Ltd acquired a new position in Nomad Foods during the fourth quarter worth $83,000. Finally, Blue Trust Inc. grew its holdings in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,448 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Down 1.4 %

NOMD opened at $18.05 on Tuesday. The business’s fifty day moving average is $17.08 and its two-hundred day moving average is $17.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 13.57 and a beta of 0.79. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.05.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be given a $0.17 dividend. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Monday, February 10th. Nomad Foods’s dividend payout ratio is currently 45.11%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barclays decreased their target price on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho decreased their target price on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

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.