Boston Partners Grows Position in Nomad Foods Limited (NYSE:NOMD)

Boston Partners increased its position in Nomad Foods Limited (NYSE:NOMD) by 18.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,563,043 shares of the company’s stock after purchasing an additional 1,356,159 shares during the quarter. Boston Partners owned approximately 5.26% of Nomad Foods worth $167,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Nomad Foods during the fourth quarter valued at $25,286,000. Vanguard Group Inc. raised its stake in Nomad Foods by 628.5% during the first quarter. Vanguard Group Inc. now owns 889,467 shares of the company’s stock valued at $17,398,000 after buying an additional 767,366 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Nomad Foods by 157.6% during the fourth quarter. Russell Investments Group Ltd. now owns 1,183,801 shares of the company’s stock valued at $20,065,000 after buying an additional 724,232 shares during the last quarter. Townsend & Associates Inc raised its stake in Nomad Foods by 102.1% during the fourth quarter. Townsend & Associates Inc now owns 1,402,280 shares of the company’s stock valued at $24,273,000 after buying an additional 708,489 shares during the last quarter. Finally, Polaris Capital Management LLC raised its stake in Nomad Foods by 24.5% during the fourth quarter. Polaris Capital Management LLC now owns 3,397,400 shares of the company’s stock valued at $57,586,000 after buying an additional 668,100 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Up 1.1 %

Shares of Nomad Foods stock traded up $0.20 on Friday, reaching $18.95. The company’s stock had a trading volume of 255,151 shares, compared to its average volume of 578,925. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.79 and a beta of 0.79. The firm’s fifty day simple moving average is $17.35 and its two-hundred day simple moving average is $18.12. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Nomad Foods had a return on equity of 9.68% and a net margin of 6.10%. The business had revenue of $850.90 million during the quarter, compared to the consensus estimate of $858.61 million. Equities analysts anticipate that Nomad Foods Limited will post 1.9 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Saturday, August 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, August 9th. Nomad Foods’s payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on NOMD shares. Mizuho lifted their price objective on Nomad Foods from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Barclays reduced their target price on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, July 19th.

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.