Chartwell Investment Partners LLC Decreases Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Chartwell Investment Partners LLC cut its stake in Nomad Foods Limited (NYSE:NOMD) by 9.0% in the third quarter, Holdings Channel.com reports. The firm owned 433,644 shares of the company’s stock after selling 42,867 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Nomad Foods were worth $8,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in shares of Nomad Foods by 21.1% in the first quarter. Janney Montgomery Scott LLC now owns 64,614 shares of the company’s stock valued at $1,264,000 after purchasing an additional 11,246 shares during the period. Quantbot Technologies LP grew its stake in shares of Nomad Foods by 75.1% in the 1st quarter. Quantbot Technologies LP now owns 45,565 shares of the company’s stock valued at $891,000 after buying an additional 19,542 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Nomad Foods during the 1st quarter worth approximately $1,334,000. Russell Investments Group Ltd. raised its position in shares of Nomad Foods by 16.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,377,332 shares of the company’s stock valued at $26,941,000 after buying an additional 193,531 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Nomad Foods by 628.5% in the first quarter. Vanguard Group Inc. now owns 889,467 shares of the company’s stock valued at $17,398,000 after acquiring an additional 767,366 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

NOMD has been the subject of several recent analyst reports. StockNews.com cut Nomad Foods from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut 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, Barclays decreased their target price on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th.

Nomad Foods Stock Down 0.3 %

Shares of NYSE NOMD opened at $17.45 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $18.39 and its two-hundred day moving average is $18.03. Nomad Foods Limited has a 52-week low of $14.54 and a 52-week high of $20.05. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 12.93 and a beta of 0.79.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.44%. Nomad Foods’s dividend payout ratio is presently 44.44%.

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.