Nomad Foods Limited (NYSE:NOMD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,586 shares of the company’s stock after selling 18,025 shares during the period. California Public Employees Retirement System owned about 0.16% of Nomad Foods worth $4,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in NOMD. Boston Partners grew its position in shares of Nomad Foods by 41.3% in the third quarter. Boston Partners now owns 5,518,260 shares of the company’s stock valued at $83,988,000 after purchasing an additional 1,613,315 shares during the period. Paradice Investment Management LLC boosted its stake in shares of Nomad Foods by 13.9% in the third quarter. Paradice Investment Management LLC now owns 2,522,621 shares of the company’s stock worth $38,394,000 after acquiring an additional 307,496 shares during the last quarter. Townsend & Associates Inc increased its position in shares of Nomad Foods by 54.1% during the third quarter. Townsend & Associates Inc now owns 693,791 shares of the company’s stock worth $10,559,000 after purchasing an additional 243,640 shares in the last quarter. American Century Companies Inc. raised its stake in Nomad Foods by 63.9% in the 3rd quarter. American Century Companies Inc. now owns 484,704 shares of the company’s stock valued at $7,377,000 after purchasing an additional 188,928 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Nomad Foods by 1,131.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 184,588 shares of the company’s stock valued at $2,809,000 after purchasing an additional 169,593 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Price Performance

NOMD stock opened at $18.09 on Friday. Nomad Foods Limited has a 1 year low of $13.56 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 0.70. The firm has a market capitalization of $2.94 billion, a PE ratio of 14.71 and a beta of 0.77. The business has a 50 day simple moving average of $19.02 and a 200-day simple moving average of $17.43.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, February 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $766.56 million. During the same period in the prior year, the business earned $0.34 EPS. Equities research analysts anticipate that Nomad Foods Limited will post 1.91 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, May 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 48.78%.

Analysts Set New Price Targets

Separately, Barclays upped their target price on shares of Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

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.