Parkside Financial Bank & Trust Invests $26,000 in Nomad Foods Limited (NYSE:NOMD)

Parkside Financial Bank & Trust bought a new stake in shares of Nomad Foods Limited (NYSE:NOMD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,545 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Nomad Foods in the 3rd quarter worth about $31,000. Exchange Traded Concepts LLC raised its stake in shares of Nomad Foods by 745.8% during the third quarter. Exchange Traded Concepts LLC now owns 3,882 shares of the company’s stock valued at $59,000 after acquiring an additional 3,423 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Nomad Foods by 160.0% during the third quarter. Quantbot Technologies LP now owns 9,675 shares of the company’s stock valued at $147,000 after acquiring an additional 5,954 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Nomad Foods in the fourth quarter worth approximately $199,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Nomad Foods by 10.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company’s stock worth $199,000 after purchasing an additional 1,229 shares during the period. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

NYSE NOMD opened at $18.69 on Friday. The company has a market cap of $3.04 billion, a PE ratio of 15.20 and a beta of 0.75. Nomad Foods Limited has a 52-week low of $13.56 and a 52-week high of $20.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.13. The firm’s 50 day moving average price is $19.04 and its 200-day moving average price is $17.31.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. The business had revenue of $761.00 million for the quarter, compared to the consensus estimate of $766.56 million. During the same period last year, the business posted $0.34 EPS. Sell-side analysts forecast that Nomad Foods Limited will post 1.91 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, February 8th. Nomad Foods’s dividend payout ratio is currently 48.78%.

Wall Street Analysts Forecast Growth

Separately, Barclays upped their target price on Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

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.