New York State Common Retirement Fund Sells 265,727 Shares of Nomad Foods Limited (NYSE:NOMD)

New York State Common Retirement Fund reduced its position in shares of Nomad Foods Limited (NYSE:NOMD) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,338 shares of the company’s stock after selling 265,727 shares during the period. New York State Common Retirement Fund owned about 0.19% of Nomad Foods worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in Nomad Foods during the 3rd quarter worth about $835,000. Paradice Investment Management LLC lifted its stake in shares of Nomad Foods by 13.9% in the third quarter. Paradice Investment Management LLC now owns 2,522,621 shares of the company’s stock worth $38,394,000 after acquiring an additional 307,496 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Nomad Foods by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 842,880 shares of the company’s stock valued at $12,829,000 after acquiring an additional 28,210 shares during the last quarter. Fenimore Asset Management Inc. increased its position in Nomad Foods by 7.1% during the 4th quarter. Fenimore Asset Management Inc. now owns 952,358 shares of the company’s stock valued at $16,142,000 after purchasing an additional 63,465 shares during the period. Finally, Townsend & Associates Inc raised its holdings in Nomad Foods by 54.1% during the 3rd quarter. Townsend & Associates Inc now owns 693,791 shares of the company’s stock worth $10,559,000 after purchasing an additional 243,640 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nomad Foods Stock Up 0.1 %

Shares of Nomad Foods stock opened at $18.09 on Friday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 14.71 and a beta of 0.77. The stock’s 50-day moving average is $19.02 and its 200 day moving average is $17.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 0.70. Nomad Foods Limited has a one year low of $13.56 and a one year high of $20.05.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $766.56 million. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. During the same period in the prior year, the business earned $0.34 EPS. Equities research analysts anticipate that Nomad Foods Limited will post 1.91 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, May 8th. Nomad Foods’s dividend payout ratio (DPR) is currently 48.78%.

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.