Nomura Asset Management Co. Ltd. Has $40,000 Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Nomura Asset Management Co. Ltd. increased its holdings in Nomad Foods Limited (NYSE:NOMD) by 61.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,100 shares of the company’s stock after purchasing an additional 800 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Nomad Foods were worth $40,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Nomad Foods by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after acquiring an additional 320,900 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Nomad Foods by 2.9% during the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after acquiring an additional 114,750 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Nomad Foods by 0.9% in the third quarter. Victory Capital Management Inc. now owns 2,069,181 shares of the company’s stock valued at $39,439,000 after purchasing an additional 18,189 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Nomad Foods by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock worth $36,345,000 after acquiring an additional 39,739 shares during the last quarter. Finally, Townsend & Associates Inc boosted its holdings in Nomad Foods by 3.6% during the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after purchasing an additional 53,694 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

NOMD has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on 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 Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Nomad Foods Stock Up 0.1 %

Shares of NYSE NOMD opened at $17.76 on Monday. The business has a 50-day moving average of $17.55 and a 200-day moving average of $17.88. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.35 and a beta of 0.78. Nomad Foods Limited has a 12 month low of $15.99 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.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.38%. Nomad Foods’s dividend payout ratio 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.