16,050 Shares in Nomad Foods Limited (NYSE:NOMD) Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC purchased a new position in Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,050 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOMD. National Bank of Canada FI lifted its stake in Nomad Foods by 378.4% in the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after acquiring an additional 2,195 shares during the period. Headlands Technologies LLC purchased a new position in Nomad Foods during the second quarter valued at $42,000. Oppenheimer Asset Management Inc. lifted its position in Nomad Foods by 26.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,773 shares of the company’s stock valued at $326,000 after buying an additional 4,165 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in Nomad Foods by 47.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 472,133 shares of the company’s stock valued at $7,781,000 after buying an additional 151,810 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Nomad Foods by 8.3% during the second quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock valued at $68,881,000 after buying an additional 320,900 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

NOMD opened at $15.86 on Tuesday. The stock has a 50-day moving average price of $17.08 and a 200-day moving average price of $17.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The firm has a market cap of $2.58 billion, a PE ratio of 11.92 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.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is presently 45.11%.

Analysts Set New Price Targets

Several brokerages have commented on NOMD. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Mizuho lowered their price objective on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th.

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.