Loomis Sayles & Co. L P Has $27.04 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

Loomis Sayles & Co. L P lifted its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 25.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,418,497 shares of the company’s stock after purchasing an additional 289,090 shares during the period. Loomis Sayles & Co. L P owned 0.87% of Nomad Foods worth $27,036,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Nomad Foods by 628.5% during the first quarter. Vanguard Group Inc. now owns 889,467 shares of the company’s stock worth $17,398,000 after acquiring an additional 767,366 shares in the last quarter. Swedbank AB bought a new position in Nomad Foods during the first quarter worth about $10,425,000. Boston Partners increased its position in Nomad Foods by 18.8% during the first quarter. Boston Partners now owns 8,563,043 shares of the company’s stock worth $167,241,000 after buying an additional 1,356,159 shares during the last quarter. Clean Yield Group raised its stake in Nomad Foods by 3.0% in the first quarter. Clean Yield Group now owns 346,883 shares of the company’s stock valued at $6,785,000 after buying an additional 10,022 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Nomad Foods in the second quarter valued at approximately $251,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NOMD shares. Deutsche Bank Aktiengesellschaft decreased their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, November 4th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Nomad Foods Trading Down 0.5 %

Shares of NYSE:NOMD opened at $17.69 on Tuesday. The stock has a market cap of $2.88 billion, a PE ratio of 13.35 and a beta of 0.79. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 12-month low of $15.76 and a 12-month high of $20.05. The business has a 50 day moving average of $17.93 and a 200-day moving average of $17.94.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

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.