First Bank & Trust Invests $192,000 in Nomad Foods Limited (NYSE:NOMD)

First Bank & Trust purchased a new stake in Nomad Foods Limited (NYSE:NOMD) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,061 shares of the company’s stock, valued at approximately $192,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOMD. Inspire Investing LLC purchased a new stake in Nomad Foods during the 3rd quarter worth $830,000. Perpetual Ltd increased its holdings in Nomad Foods by 2.6% during the 3rd quarter. Perpetual Ltd now owns 434,880 shares of the company’s stock worth $8,289,000 after purchasing an additional 11,206 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Nomad Foods by 21.1% in the third quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company’s stock worth $776,000 after buying an additional 7,100 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nomad Foods in the 2nd quarter valued at about $1,195,000. Finally, Aristides Capital LLC acquired a new stake in Nomad Foods during the second quarter valued at approximately $231,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NOMD. Barclays cut their target price on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nomad Foods from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Nomad Foods Stock Performance

Nomad Foods stock opened at $17.56 on Friday. The company’s fifty day simple moving average is $18.58 and its 200-day simple moving average is $18.10. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. Nomad Foods Limited has a 12 month low of $13.59 and a 12 month high of $20.05. The stock has a market cap of $2.86 billion, a P/E ratio of 14.63 and a beta of 0.78.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $810.64 million for the quarter, compared to the consensus estimate of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. As a group, sell-side analysts forecast that Nomad Foods Limited will post 1.96 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Saturday, August 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, August 9th. Nomad Foods’s dividend payout ratio (DPR) is presently 50.00%.

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.