VELA Investment Management LLC Increases Stock Position in Nomad Foods Limited (NYSE:NOMD)

VELA Investment Management LLC grew its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 206.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,000 shares of the company’s stock after acquiring an additional 31,000 shares during the quarter. VELA Investment Management LLC’s holdings in Nomad Foods were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. River Road Asset Management LLC boosted its holdings in shares of Nomad Foods by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock valued at $76,615,000 after acquiring an additional 114,750 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Nomad Foods by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company’s stock valued at $39,439,000 after acquiring an additional 18,189 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Nomad Foods by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock valued at $36,345,000 after acquiring an additional 39,739 shares during the last quarter. Townsend & Associates Inc boosted its holdings in shares of Nomad Foods by 3.2% during the 4th quarter. Townsend & Associates Inc now owns 1,589,052 shares of the company’s stock valued at $26,807,000 after acquiring an additional 49,321 shares during the last quarter. Finally, Invenomic Capital Management LP boosted its holdings in shares of Nomad Foods by 6.4% during the 3rd quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company’s stock valued at $29,213,000 after acquiring an additional 92,844 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Down 0.9 %

Shares of NOMD stock opened at $18.62 on Friday. 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 stock has a fifty day simple moving average of $17.23 and a two-hundred day simple moving average of $17.80. The firm has a market capitalization of $3.03 billion, a PE ratio of 14.00 and a beta of 0.79. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.05.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.65%. Nomad Foods’s dividend payout ratio (DPR) is currently 51.13%.

Analyst Upgrades and Downgrades

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

Nomad Foods 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.