StockNews.com upgraded shares of Nomad Foods (NYSE:NOMD – Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.
A number of other brokerages have also recently weighed in on NOMD. Deutsche Bank Aktiengesellschaft upped their price target on Nomad Foods from $23.00 to $24.00 and gave the company a buy rating in a research report on Thursday, August 8th. Barclays decreased their price objective on shares of Nomad Foods from $22.00 to $21.00 and set an overweight rating on the stock in a research note on Friday, July 19th. Finally, Mizuho lifted their target price on shares of Nomad Foods from $26.00 to $28.00 and gave the company a buy rating in a research note on Friday, May 10th.
View Our Latest Stock Report on NOMD
Nomad Foods Stock Performance
Nomad Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Saturday, August 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Friday, August 9th. Nomad Foods’s dividend payout ratio is currently 50.00%.
Institutional Trading of Nomad Foods
Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new stake in shares of Nomad Foods in the fourth quarter worth about $26,000. Blue Trust Inc. lifted its holdings in shares of Nomad Foods by 133.2% during the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 934 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Nomad Foods in the 2nd quarter valued at approximately $42,000. National Bank of Canada FI increased its stake in Nomad Foods by 378.4% during the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Quarry LP raised its holdings in Nomad Foods by 366.5% during the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock worth $50,000 after buying an additional 2,360 shares during the period. Institutional investors own 75.26% of the company’s stock.
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.
See Also
- Five stocks we like better than Nomad Foods
- What is a Special Dividend?
- Study: How Much Are Retirees Earning from Side Hustles in 2024?
- Technology Stocks Explained: Here’s What to Know About Tech
- Brinker International Offers a Pullback Opportunity on EPS Miss
- Investing In Preferred Stock vs. Common Stock
- Globant Is an Emerging AI Play That’s Expanding Its Footprint
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.