EntryPoint Capital LLC Purchases New Shares in Nomad Foods Limited (NYSE:NOMD)

EntryPoint Capital LLC purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,792 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently added to or reduced their stakes in NOMD. Charles Schwab Investment Management Inc. boosted its position in Nomad Foods by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,026,841 shares of the company’s stock valued at $19,572,000 after buying an additional 48,303 shares during the last quarter. PDT Partners LLC boosted its holdings in Nomad Foods by 25.0% in the third quarter. PDT Partners LLC now owns 143,851 shares of the company’s stock valued at $2,742,000 after acquiring an additional 28,796 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Nomad Foods in the third quarter worth about $218,000. Invenomic Capital Management LP raised its holdings in Nomad Foods by 6.4% during the 3rd quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company’s stock worth $29,213,000 after purchasing an additional 92,844 shares during the last quarter. Finally, Readystate Asset Management LP lifted its position in Nomad Foods by 68.1% during the 3rd quarter. Readystate Asset Management LP now owns 45,692 shares of the company’s stock valued at $871,000 after purchasing an additional 18,514 shares during the period. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

Nomad Foods stock opened at $19.84 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 14.92 and a beta of 0.77. The business has a 50-day moving average of $18.62 and a 200-day moving average of $17.96. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.17 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.43%. Nomad Foods’s dividend payout ratio (DPR) is 45.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NOMD. Mizuho lifted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd.

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.