Thompson Siegel & Walmsley LLC Increases Position in Nomad Foods Limited (NYSE:NOMD)

Thompson Siegel & Walmsley LLC raised its position in shares of Nomad Foods Limited (NYSE:NOMD) by 47.4% during the second quarter, HoldingsChannel reports. The firm owned 472,133 shares of the company’s stock after purchasing an additional 151,810 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Nomad Foods were worth $7,781,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY grew its holdings in shares of Nomad Foods by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock valued at $452,000 after purchasing an additional 595 shares during the last quarter. Blue Trust Inc. grew its stake 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 valued at $27,000 after buying an additional 934 shares during the last quarter. Allegheny Financial Group LTD increased its holdings in shares of Nomad Foods by 4.9% in the second quarter. Allegheny Financial Group LTD now owns 24,336 shares of the company’s stock worth $401,000 after buying an additional 1,128 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of Nomad Foods by 0.9% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 201,285 shares of the company’s stock worth $3,317,000 after buying an additional 1,875 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Nomad Foods by 1.2% in the 1st quarter. Gabelli Funds LLC now owns 157,982 shares of the company’s stock valued at $3,090,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $19.49 on Monday. 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 fifty day moving average of $18.35 and a 200 day moving average of $18.31. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.24 and a beta of 0.78. Nomad Foods Limited has a 52 week low of $13.56 and a 52 week high of $20.05.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. The firm had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. As a group, research analysts expect that Nomad Foods Limited will post 1.96 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Saturday, August 10th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, August 9th. Nomad Foods’s dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOMD. 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 note on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, September 9th.

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.