Applied Fundamental Research LLC Cuts Stake in Nomad Foods Limited (NYSE:NOMD)

Applied Fundamental Research LLC trimmed its holdings in Nomad Foods Limited (NYSE:NOMD) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 904,919 shares of the company’s stock after selling 1,686 shares during the quarter. Nomad Foods makes up about 11.4% of Applied Fundamental Research LLC’s portfolio, making the stock its 3rd biggest position. Applied Fundamental Research LLC owned 0.56% of Nomad Foods worth $17,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Miller Howard Investments Inc. NY grew its stake in Nomad Foods by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock worth $452,000 after acquiring an additional 595 shares in the last quarter. Avior Wealth Management LLC grew its stake in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after purchasing an additional 804 shares in the last quarter. Custom Index Systems LLC grew its stake in Nomad Foods by 4.7% in the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after purchasing an additional 847 shares in the last quarter. Blue Trust Inc. increased its holdings in Nomad Foods by 133.2% during the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after purchasing an additional 934 shares during the period. Finally, Allegheny Financial Group LTD lifted its holdings in shares of Nomad Foods by 4.9% in the 2nd quarter. Allegheny Financial Group LTD now owns 24,336 shares of the company’s stock worth $401,000 after buying an additional 1,128 shares during the period. 75.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of 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 Trading Down 0.5 %

NOMD opened at $17.69 on Tuesday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 13.30 and a beta of 0.79. 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 Limited has a 12 month low of $15.76 and a 12 month high of $20.05. The stock has a fifty day moving average price of $17.90 and a 200-day moving average price of $17.93.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.39%. Nomad Foods’s dividend payout ratio (DPR) is presently 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.