Fenimore Asset Management Inc Buys 54,742 Shares of Nomad Foods Limited (NYSE:NOMD)

Fenimore Asset Management Inc grew its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,035,044 shares of the company’s stock after acquiring an additional 54,742 shares during the quarter. Fenimore Asset Management Inc owned about 0.64% of Nomad Foods worth $17,368,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NOMD. Sound Income Strategies LLC acquired a new stake in shares of Nomad Foods during the 4th quarter worth approximately $2,766,000. Perpetual Ltd boosted its holdings in shares of Nomad Foods by 64.9% in the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock valued at $12,032,000 after purchasing an additional 282,175 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Nomad Foods in the 4th quarter valued at $264,000. Barclays PLC raised its holdings in shares of Nomad Foods by 53.7% during the 3rd 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. Finally, PYA Waltman Capital LLC lifted its position in shares of Nomad Foods by 20.7% during the 3rd quarter. PYA Waltman Capital LLC now owns 287,670 shares of the company’s stock worth $5,483,000 after buying an additional 49,432 shares during the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOMD. Mizuho lowered their target price on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Barclays cut their target price on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Nomad Foods Stock Performance

Nomad Foods stock opened at $16.50 on Friday. The business has a 50 day moving average of $17.04 and a 200-day moving average of $17.80. The company has a market capitalization of $2.69 billion, a P/E ratio of 12.40 and a beta of 0.79. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.64%. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

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.