Nomad Foods Limited (NYSE:NOMD) Shares Bought by Kendall Capital Management

Kendall Capital Management increased its stake in Nomad Foods Limited (NYSE:NOMD) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,825 shares of the company’s stock after acquiring an additional 11,255 shares during the period. Kendall Capital Management’s holdings in Nomad Foods were worth $735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after acquiring an additional 800 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after acquiring an additional 1,448 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock valued at $63,000 after acquiring an additional 670 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after acquiring an additional 804 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Nomad Foods during the fourth quarter worth approximately $83,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Down 0.4 %

Nomad Foods stock opened at $20.36 on Monday. The company has a market capitalization of $3.12 billion, a P/E ratio of 15.31 and a beta of 0.77. The firm’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $17.87. 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 1-year low of $15.43 and a 1-year high of $20.81.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.17 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.34%. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NOMD shares. Barclays raised their price objective on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Mizuho increased their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

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.