Nomad Foods Limited (NYSE:NOMD) Holdings Boosted by Townsend & Associates Inc

Townsend & Associates Inc grew its stake in Nomad Foods Limited (NYSE:NOMD) by 102.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,402,280 shares of the company’s stock after purchasing an additional 708,489 shares during the quarter. Nomad Foods makes up 3.0% of Townsend & Associates Inc’s holdings, making the stock its 10th biggest position. Townsend & Associates Inc’s holdings in Nomad Foods were worth $24,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust purchased a new position in Nomad Foods in the 4th quarter valued at $26,000. NBC Securities Inc. purchased a new position in shares of Nomad Foods in the third quarter worth about $31,000. Quantbot Technologies LP boosted its position in Nomad Foods by 160.0% during the third quarter. Quantbot Technologies LP now owns 9,675 shares of the company’s stock worth $147,000 after acquiring an additional 5,954 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Nomad Foods by 10.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company’s stock valued at $199,000 after acquiring an additional 1,229 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Nomad Foods in the 4th quarter valued at about $199,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays raised their target price on shares of Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd.

Nomad Foods Trading Up 5.1 %

Shares of NOMD traded up $0.91 during midday trading on Thursday, reaching $18.76. The company had a trading volume of 1,888,791 shares, compared to its average volume of 645,558. Nomad Foods Limited has a 1-year low of $13.56 and a 1-year high of $20.05. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $17.50. The stock has a market cap of $3.05 billion, a PE ratio of 15.45 and a beta of 0.77.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Nomad Foods had a net margin of 6.34% and a return on equity of 10.41%. The firm had revenue of $761.00 million during the quarter, compared to analyst estimates of $766.56 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Research analysts forecast that Nomad Foods Limited will post 1.91 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, May 8th. Nomad Foods’s payout ratio is presently 48.78%.

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.