EverSource Wealth Advisors LLC Sells 1,532 Shares of Nomad Foods Limited (NYSE:NOMD)

EverSource Wealth Advisors LLC lessened its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 45.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,830 shares of the company’s stock after selling 1,532 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Nomad Foods were worth $31,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NOMD. River Road Asset Management LLC lifted its holdings in shares of Nomad Foods by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company’s stock valued at $67,866,000 after acquiring an additional 24,775 shares during the period. Kendall Capital Management increased its position in shares of Nomad Foods by 34.6% during the 4th quarter. Kendall Capital Management now owns 43,825 shares of the company’s stock worth $735,000 after purchasing an additional 11,255 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Nomad Foods by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company’s stock valued at $459,000 after purchasing an additional 2,535 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Nomad Foods in the fourth quarter valued at about $11,967,000. Finally, Seizert Capital Partners LLC grew its stake in Nomad Foods by 11.6% during the fourth quarter. Seizert Capital Partners LLC now owns 301,630 shares of the company’s stock worth $5,061,000 after buying an additional 31,466 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Mizuho boosted their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th.

Nomad Foods Trading Up 0.2 %

Shares of NYSE NOMD opened at $19.60 on Friday. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81. The company has a 50-day moving average of $18.25 and a two-hundred day moving average of $17.95. The company has a market cap of $3.01 billion, a PE ratio of 14.74 and a beta of 0.77. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s payout ratio is 45.03%.

Nomad Foods 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.