PYA Waltman Capital LLC Boosts Stake in Nomad Foods Limited (NYSE:NOMD)

PYA Waltman Capital LLC grew its holdings in Nomad Foods Limited (NYSE:NOMD) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,017 shares of the company’s stock after purchasing an additional 9,347 shares during the period. Nomad Foods makes up 1.6% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 18th largest position. PYA Waltman Capital LLC owned 0.18% of Nomad Foods worth $4,984,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NOMD. Loomis Sayles & Co. L P boosted its position in shares of Nomad Foods by 25.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after acquiring an additional 289,090 shares in the last quarter. Perpetual Ltd lifted its position in Nomad Foods by 64.9% during the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after acquiring an additional 282,175 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Nomad Foods in the fourth quarter valued at about $2,766,000. Systematic Financial Management LP boosted its position in shares of Nomad Foods by 11.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock worth $24,151,000 after purchasing an additional 130,792 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Nomad Foods by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after acquiring an additional 114,750 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Price Performance

Shares of NOMD stock opened at $18.38 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of 13.82 and a beta of 0.79. The firm’s 50 day moving average price is $17.10 and its two-hundred day moving average price is $17.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.05.

Nomad Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be paid a $0.17 dividend. The ex-dividend date is Monday, February 10th. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.70%. Nomad Foods’s dividend payout ratio is presently 51.13%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NOMD. Mizuho dropped their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Barclays decreased their target price on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, November 4th.

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.