Nomad Foods Limited (NYSE:NOMD) Short Interest Down 24.0% in November

Nomad Foods Limited (NYSE:NOMD) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,300,000 shares, a decline of 24.0% from the October 31st total of 1,710,000 shares. Based on an average trading volume of 604,100 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.0% of the shares of the company are sold short.

Analyst Ratings Changes

NOMD has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Hedge Funds Weigh In On Nomad Foods

A number of hedge funds and other institutional investors have recently modified their holdings of NOMD. Barclays PLC lifted its position in shares of Nomad Foods by 53.7% in the third quarter. Barclays PLC now owns 7,681 shares of the company’s stock worth $146,000 after buying an additional 2,682 shares in the last quarter. PYA Waltman Capital LLC increased its stake in Nomad Foods by 20.7% in the 3rd quarter. PYA Waltman Capital LLC now owns 287,670 shares of the company’s stock worth $5,483,000 after acquiring an additional 49,432 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after acquiring an additional 800 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Nomad Foods by 4.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 38,688 shares of the company’s stock valued at $737,000 after acquiring an additional 1,552 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Nomad Foods in the third quarter valued at $219,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Up 0.7 %

Shares of NOMD opened at $18.09 on Friday. Nomad Foods has a 12-month low of $15.76 and a 12-month high of $20.05. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.95 billion, a PE ratio of 13.60 and a beta of 0.79. The business’s 50 day moving average is $17.80 and its 200 day moving average is $17.93.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 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.