Loomis Sayles & Co. L P Has $28.01 Million Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Loomis Sayles & Co. L P raised its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,669,097 shares of the company’s stock after purchasing an additional 250,600 shares during the quarter. Loomis Sayles & Co. L P owned 1.02% of Nomad Foods worth $28,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NOMD. Nomura Asset Management Co. Ltd. boosted its stake in 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 buying an additional 800 shares in the last quarter. Blue Trust Inc. boosted its stake 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. Parkside Financial Bank & Trust grew its holdings in shares of Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after purchasing an additional 670 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Nomad Foods during the 4th quarter worth about $83,000. Finally, Venturi Wealth Management LLC bought a new position in Nomad Foods during the 4th quarter valued at about $124,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Stock Up 0.5 %

Shares of NYSE:NOMD opened at $19.67 on Friday. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81. The firm has a market cap of $3.02 billion, a P/E ratio of 14.79 and a beta of 0.77. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $18.56 and its two-hundred day moving average price is $17.96.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.17 per share. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Monday, February 10th. Nomad Foods’s dividend payout ratio is 45.03%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Mizuho upped their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Barclays increased their price target on Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd.

Nomad Foods Company 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.