Gabelli Funds LLC Has $3.09 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

Gabelli Funds LLC lifted its position in shares of Nomad Foods Limited (NYSE:NOMD) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,982 shares of the company’s stock after acquiring an additional 1,917 shares during the quarter. Gabelli Funds LLC owned approximately 0.10% of Nomad Foods worth $3,090,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust acquired a new position in Nomad Foods during the 4th quarter valued at about $26,000. Sciencast Management LP raised its position in shares of Nomad Foods by 12.5% during the first quarter. Sciencast Management LP now owns 17,488 shares of the company’s stock worth $342,000 after purchasing an additional 1,950 shares during the period. SYSTM Wealth Solutions LLC increased its stake in Nomad Foods by 19.6% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 15,984 shares of the company’s stock worth $313,000 after purchasing an additional 2,617 shares in the last quarter. Allegheny Financial Group LTD increased its stake in Nomad Foods by 26.7% during the 4th quarter. Allegheny Financial Group LTD now owns 18,087 shares of the company’s stock worth $307,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Nomad Foods during the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Up 2.1 %

Shares of NOMD traded up $0.37 during mid-day trading on Friday, hitting $18.07. 371,649 shares of the company’s stock were exchanged, compared to its average volume of 500,085. The company has a 50-day simple moving average of $17.33 and a 200 day simple moving average of $18.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.73. The company has a market cap of $2.95 billion, a PE ratio of 15.06 and a beta of 0.79. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Nomad Foods had a net margin of 6.10% and a return on equity of 9.68%. The business had revenue of $850.90 million during the quarter, compared to analyst estimates of $858.61 million. On average, research analysts forecast that Nomad Foods Limited will post 1.9 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Wednesday, May 8th. Nomad Foods’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Nomad Foods from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Barclays lowered their target price on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, July 19th.

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.