Magnetar Financial LLC Has $320,000 Holdings in Nomad Foods Limited (NYSE:NOMD)

Magnetar Financial LLC lessened its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,059 shares of the company’s stock after selling 1,256 shares during the period. Magnetar Financial LLC’s holdings in Nomad Foods were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC grew its stake in Nomad Foods by 20.8% during the 3rd quarter. Natixis Advisors LLC now owns 71,647 shares of the company’s stock valued at $1,366,000 after acquiring an additional 12,343 shares in the last quarter. Pathstone Holdings LLC grew its stake in Nomad Foods by 5.5% during the 3rd quarter. Pathstone Holdings LLC now owns 111,522 shares of the company’s stock valued at $2,126,000 after acquiring an additional 5,805 shares in the last quarter. Avior Wealth Management LLC grew its stake in Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after acquiring an additional 804 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Nomad Foods by 4.9% during 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 acquiring an additional 48,303 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Nomad Foods by 25.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after acquiring an additional 289,090 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Trading Down 1.0 %

Shares of NYSE NOMD opened at $19.35 on Friday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 14.55 and a beta of 0.77. The business has a 50 day simple moving average of $18.33 and a 200 day simple moving average of $17.95. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.51%. Nomad Foods’s payout ratio is 45.03%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NOMD shares. Barclays lifted their target price on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Mizuho lifted their target price on Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th.

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.