Triodos Investment Management BV Has $16 Million Holdings in Nomad Foods Limited (NYSE:NOMD)

Triodos Investment Management BV decreased its stake in Nomad Foods Limited (NYSE:NOMD) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971,079 shares of the company’s stock after selling 10,000 shares during the quarter. Triodos Investment Management BV’s holdings in Nomad Foods were worth $16,003,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC acquired a new stake in shares of Nomad Foods in the 1st quarter valued at $3,645,000. Swedbank AB bought a new stake in Nomad Foods during the first quarter worth about $10,425,000. Boston Partners grew its stake in Nomad Foods by 30.6% during the fourth quarter. Boston Partners now owns 7,206,884 shares of the company’s stock worth $122,251,000 after buying an additional 1,688,624 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Nomad Foods during the fourth quarter worth approximately $697,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Nomad Foods by 560.2% in the fourth quarter. BNP Paribas Financial Markets now owns 55,281 shares of the company’s stock valued at $937,000 after acquiring an additional 46,907 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Trading Up 1.1 %

NOMD stock traded up $0.20 during midday trading on Friday, reaching $18.80. The company’s stock had a trading volume of 285,314 shares, compared to its average volume of 477,255. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05. The business’s 50-day simple moving average is $17.84 and its 200-day simple moving average is $18.24. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a market cap of $3.06 billion, a PE ratio of 15.67 and a beta of 0.79.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The firm had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. As a group, sell-side analysts expect that Nomad Foods Limited will post 1.94 EPS for the current year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Saturday, August 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, August 9th. Nomad Foods’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays decreased their price target on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Mizuho increased their target price on Nomad Foods from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, StockNews.com lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Sunday.

Nomad Foods Profile

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.