Venturi Wealth Management LLC Buys Shares of 7,389 Nomad Foods Limited (NYSE:NOMD)

Venturi Wealth Management LLC bought a new stake in Nomad Foods Limited (NYSE:NOMD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,389 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in shares of Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares in the last quarter. Blue Trust Inc. raised its position in shares of Nomad Foods by 70.6% in the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after purchasing an additional 1,448 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after acquiring an additional 804 shares during the last quarter. R Squared Ltd bought a new stake in shares of Nomad Foods in the 4th quarter valued at approximately $83,000. Finally, Barclays PLC increased its holdings in shares of Nomad Foods by 53.7% in the 3rd quarter. Barclays PLC now owns 7,681 shares of the company’s stock valued at $146,000 after acquiring an additional 2,682 shares during the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Nomad Foods Price Performance

Shares of NOMD opened at $18.87 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 14.18 and a beta of 0.79. The stock has a fifty day moving average price of $17.12 and a 200 day moving average price of $17.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.05.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be paid a dividend of $0.17 per share. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, February 10th. Nomad Foods’s dividend payout ratio is presently 51.13%.

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.