13,970 Shares in Nomad Foods Limited $NOMD Bought by Inspire Investing LLC

Inspire Investing LLC bought a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,970 shares of the company’s stock, valued at approximately $237,000.

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

Nomad Foods Stock Up 1.1%

NOMD stock opened at $12.21 on Friday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 8.36 and a beta of 0.70. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $13.99 and a two-hundred day moving average price of $16.61. Nomad Foods Limited has a twelve month low of $11.86 and a twelve month high of $20.81.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $879.27 million during the quarter, compared to analysts’ expectations of $762.81 million. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. Nomad Foods’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. Analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, August 11th. Nomad Foods’s dividend payout ratio is currently 46.58%.

Wall Street Analyst Weigh In

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

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.