Oak Ridge Investments LLC Acquires 5,456 Shares of Nomad Foods Limited (NYSE:NOMD)

Oak Ridge Investments LLC increased its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 296,243 shares of the company’s stock after acquiring an additional 5,456 shares during the quarter. Oak Ridge Investments LLC’s holdings in Nomad Foods were worth $5,646,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in 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 buying an additional 11,246 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Nomad Foods during the 1st quarter valued at $1,398,000. Mutual of America Capital Management LLC acquired a new position in Nomad Foods during the first quarter worth $3,645,000. Quantbot Technologies LP lifted its stake in shares of Nomad Foods by 75.1% in the first 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 in the last quarter. Finally, Sciencast Management LP increased its holdings in Nomad Foods by 12.5% during the 1st quarter. Sciencast Management LP now owns 17,488 shares of the company’s stock worth $342,000 after purchasing an additional 1,950 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Price Performance

Shares of NOMD stock opened at $17.55 on Friday. Nomad Foods Limited has a twelve month low of $13.67 and a twelve month high of $20.05. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 13.00 and a beta of 0.78. The business’s fifty day moving average is $18.54 and its 200 day moving average is $18.08. 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 (NYSE:NOMD) last issued its earnings results on Wednesday, August 7th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The business had revenue of $810.64 million for the quarter, compared to the consensus estimate of $822.21 million. Research analysts expect that Nomad Foods Limited will post 1.96 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, November 8th. Nomad Foods’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of recent analyst reports. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Barclays lowered 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th.

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.