Perpetual Ltd Purchases 633,650 Shares of Nomad Foods Limited $NOMD

Perpetual Ltd lifted its position in shares of Nomad Foods Limited (NYSE:NOMD) by 115.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,181,555 shares of the company’s stock after buying an additional 633,650 shares during the quarter. Perpetual Ltd’s holdings in Nomad Foods were worth $15,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC acquired a new stake in Nomad Foods during the 2nd quarter worth approximately $321,000. Osaic Holdings Inc. increased its position in Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after acquiring an additional 1,240 shares during the period. State of Wyoming raised its stake in shares of Nomad Foods by 88.5% during the second quarter. State of Wyoming now owns 17,844 shares of the company’s stock valued at $303,000 after acquiring an additional 8,378 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Nomad Foods by 1,342.3% during the second quarter. Headlands Technologies LLC now owns 14,899 shares of the company’s stock worth $253,000 after purchasing an additional 13,866 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Nomad Foods by 12.7% during the second quarter. Captrust Financial Advisors now owns 18,481 shares of the company’s stock worth $314,000 after purchasing an additional 2,084 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $12.80 on Friday. The company has a market capitalization of $1.96 billion, a PE ratio of 8.89 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a twelve month low of $11.04 and a twelve month high of $20.81. The firm has a fifty day simple moving average of $12.06 and a 200 day simple moving average of $14.48.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Nomad Foods had a net margin of 6.56% and a return on equity of 9.73%. The firm had revenue of $881.94 million for the quarter, compared to the consensus estimate of $760.75 million. During the same period last year, the company posted $0.55 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast 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 Wednesday, November 26th. Investors of record on Monday, November 10th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.68 annualized dividend and a yield of 5.3%. Nomad Foods’s dividend payout ratio (DPR) is currently 47.22%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NOMD. BTIG Research restated a “buy” rating and issued a $18.00 price objective on shares of Nomad Foods in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nomad Foods in a research report on Friday, October 31st. Finally, Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nomad Foods currently has a consensus rating of “Hold” and a consensus target price of $18.67.

Nomad Foods Company Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.