Polaris Capital Management LLC Decreases Stake in Nomad Foods Limited (NYSE:NOMD)

Polaris Capital Management LLC lowered its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,661,800 shares of the company’s stock after selling 476,400 shares during the quarter. Nomad Foods makes up 2.2% of Polaris Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Polaris Capital Management LLC owned approximately 1.63% of Nomad Foods worth $44,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOMD. Townsend & Associates Inc raised its position in Nomad Foods by 3.6% during the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock valued at $26,976,000 after purchasing an additional 53,694 shares during the period. Systematic Financial Management LP raised its holdings in Nomad Foods by 11.5% in the third quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock worth $24,151,000 after purchasing an additional 130,792 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Nomad Foods during the third quarter valued at approximately $218,000. 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 worth $27,036,000 after buying an additional 289,090 shares during the last quarter. Finally, Barclays PLC raised its stake in Nomad Foods by 53.7% in the third quarter. Barclays PLC now owns 7,681 shares of the company’s stock valued at $146,000 after buying an additional 2,682 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Down 2.5 %

Shares of Nomad Foods stock opened at $17.43 on Tuesday. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The stock has a market cap of $2.84 billion, a PE ratio of 13.10 and a beta of 0.79. The firm has a fifty day moving average price of $17.04 and a 200 day moving average price of $17.81.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given a dividend of $0.17 per share. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.90%. The ex-dividend date is Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is currently 45.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NOMD shares. Barclays dropped their price target on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Mizuho dropped their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

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.