Nomad Foods Limited $NOMD Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 2.9% during the second quarter, HoldingsChannel.com reports. The fund owned 6,623,522 shares of the company’s stock after selling 200,700 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nomad Foods were worth $115,183,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Nomad Foods in the 1st quarter valued at about $32,000. State of Wyoming boosted its holdings in Nomad Foods by 56.6% in the 1st quarter. State of Wyoming now owns 9,466 shares of the company’s stock valued at $186,000 after purchasing an additional 3,421 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Nomad Foods in the 1st quarter valued at about $196,000. Sciencast Management LP acquired a new position in Nomad Foods in the 1st quarter valued at about $196,000. Finally, First Bank & Trust acquired a new position in Nomad Foods in the 1st quarter valued at about $219,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on NOMD. Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Mizuho decreased their target price on shares of Nomad Foods from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Barclays decreased their price objective on shares of Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. BTIG Research decreased their price objective on shares of Nomad Foods from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nomad Foods in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.75.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $12.11 on Tuesday. Nomad Foods Limited has a one year low of $11.94 and a one year high of $20.81. The firm’s 50 day moving average price is $14.29 and its 200-day moving average price is $16.78. The firm has a market cap of $1.86 billion, a P/E ratio of 8.30 and a beta of 0.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The firm had revenue of $879.27 million for the quarter, compared to the consensus estimate of $762.81 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts predict that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, August 11th. Nomad Foods’s dividend payout ratio is presently 46.58%.

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.