Paragon Capital Management Ltd Trims Stock Position in Nomad Foods Limited (NYSE:NOMD)

Paragon Capital Management Ltd cut its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 17.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,166 shares of the company’s stock after selling 2,642 shares during the period. Paragon Capital Management Ltd’s holdings in Nomad Foods were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NOMD. Harbour Capital Advisors LLC acquired a new stake in Nomad Foods in the 4th quarter worth about $264,000. Barclays PLC boosted its holdings in shares of Nomad Foods by 53.7% during the 3rd quarter. Barclays PLC now owns 7,681 shares of the company’s stock worth $146,000 after purchasing an additional 2,682 shares during the last quarter. PYA Waltman Capital LLC boosted its holdings in shares of Nomad Foods by 20.7% during the 3rd quarter. PYA Waltman Capital LLC now owns 287,670 shares of the company’s stock worth $5,483,000 after purchasing an additional 49,432 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Nomad Foods by 4.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 38,688 shares of the company’s stock worth $737,000 after purchasing an additional 1,552 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Stock Up 1.1 %

Nomad Foods stock opened at $16.81 on Thursday. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.05. The stock’s fifty day simple moving average is $17.05 and its 200-day simple moving average is $17.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.74 billion, a P/E ratio of 12.64 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 45.11%.

Analyst Ratings Changes

NOMD has been the topic of several analyst reports. Mizuho reduced their price target on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

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.