Nomad Foods Limited (NYSE:NOMD) Shares Sold by Clean Yield Group

Clean Yield Group decreased its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 82.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,454 shares of the company’s stock after selling 132,665 shares during the quarter. Clean Yield Group’s holdings in Nomad Foods were worth $477,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Townsend & Associates Inc lifted its holdings in Nomad Foods by 3.6% in the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after purchasing an additional 53,694 shares during the period. Systematic Financial Management LP lifted 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 worth $24,151,000 after purchasing an additional 130,792 shares during the period. HighTower Advisors LLC bought a new position in Nomad Foods during the 3rd quarter valued at $218,000. Loomis Sayles & Co. L P increased its position in shares of Nomad Foods by 25.6% during the 3rd 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Nomad Foods by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,026,841 shares of the company’s stock worth $19,572,000 after buying an additional 48,303 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report 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 reduced their price objective 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 Trading Up 1.3 %

Shares of Nomad Foods stock traded up $0.21 during trading on Monday, hitting $15.82. The stock had a trading volume of 273,948 shares, compared to its average volume of 533,973. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.05. The stock has a 50 day simple moving average of $17.12 and a 200 day simple moving average of $17.82. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.58 billion, a PE ratio of 11.89 and a beta of 0.79.

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

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.