Nicholas Company Inc. Boosts Holdings in Nomad Foods Limited (NYSE:NOMD)

Nicholas Company Inc. increased its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 427,602 shares of the company’s stock after buying an additional 31,437 shares during the quarter. Nicholas Company Inc.’s holdings in Nomad Foods were worth $7,175,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NOMD. River Road Asset Management LLC raised its position in shares of Nomad Foods by 0.6% in the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company’s stock valued at $67,866,000 after purchasing an additional 24,775 shares during the period. Victory Capital Management Inc. raised its position in shares of Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after purchasing an additional 253,086 shares during the period. Wellington Management Group LLP raised its position in shares of Nomad Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock valued at $36,345,000 after purchasing an additional 39,739 shares during the period. Townsend & Associates Inc raised its position in shares of Nomad Foods by 3.2% in the fourth quarter. Townsend & Associates Inc now owns 1,589,052 shares of the company’s stock valued at $26,807,000 after purchasing an additional 49,321 shares during the period. Finally, Invenomic Capital Management LP raised its position in shares of Nomad Foods by 6.4% in the third quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company’s stock valued at $29,213,000 after purchasing an additional 92,844 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

Nomad Foods stock opened at $19.53 on Friday. The firm’s 50 day simple moving average is $17.99 and its 200 day simple moving average is $17.92. 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 firm has a market capitalization of $3.00 billion, a PE ratio of 14.68 and a beta of 0.77. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s payout ratio is currently 45.03%.

Analyst Ratings Changes

Several research firms have recently issued reports on NOMD. Mizuho boosted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Barclays upped their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd.

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.