Wellington Management Group LLP boosted its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,906,862 shares of the company's stock after purchasing an additional 39,739 shares during the quarter. Wellington Management Group LLP owned about 1.17% of Nomad Foods worth $36,345,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY raised its position in shares of Nomad Foods by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company's stock valued at $452,000 after acquiring an additional 595 shares during the period. Avior Wealth Management LLC increased its stake in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock valued at $75,000 after purchasing an additional 804 shares in the last quarter. Custom Index Systems LLC raised its holdings in Nomad Foods by 4.7% in the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company's stock worth $359,000 after purchasing an additional 847 shares during the period. Blue Trust Inc. boosted its position in shares of Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock worth $27,000 after purchasing an additional 934 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Nomad Foods by 0.6% in the 3rd quarter. State Street Corp now owns 182,004 shares of the company's stock valued at $3,469,000 after buying an additional 1,018 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.
NOMD has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th.
View Our Latest Stock Report on Nomad Foods
NOMD opened at $17.76 on Friday. The firm's fifty day simple moving average is $17.56 and its 200 day simple moving average is $17.88. The stock has a market capitalization of $2.89 billion, a P/E ratio of 13.35 and a beta of 0.78. 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 12 month low of $15.99 and a 12 month high of $20.05.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.38%. Nomad Foods's payout ratio is presently 45.11%.
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.
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