Sequoia Financial Advisors LLC Purchases Shares of 10,000 Nomad Foods Limited (NYSE:NOMD)

Sequoia Financial Advisors LLC purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD) during the first quarter, HoldingsChannel reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $196,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brown Advisory Inc. raised its holdings in Nomad Foods by 5.2% during the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company’s stock valued at $140,552,000 after acquiring an additional 410,455 shares during the period. Alliancebernstein L.P. raised its holdings in Nomad Foods by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,708,354 shares of the company’s stock valued at $129,346,000 after acquiring an additional 187,146 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Nomad Foods by 2.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,176,211 shares of the company’s stock valued at $70,077,000 after acquiring an additional 86,897 shares during the period. River Road Asset Management LLC grew its position 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 purchasing an additional 24,775 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after purchasing an additional 253,086 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Nomad Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 9th.

Nomad Foods Trading Down 0.2%

Shares of Nomad Foods stock opened at $17.30 on Friday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 11.53 and a beta of 0.73. The business has a 50-day moving average price of $17.87 and a 200-day moving average price of $18.14. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $822.31 million for the quarter, compared to analysts’ expectations of $769.39 million. Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Equities research analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.93%. Nomad Foods’s dividend payout ratio is currently 45.33%.

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.