Vontobel Holding Ltd. Takes $222,000 Position in Nomad Foods Limited (NYSE:NOMD)

Vontobel Holding Ltd. bought a new stake in Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 13,225 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently modified their holdings of the business. Empowered Funds LLC purchased a new stake in shares of Nomad Foods in the fourth quarter valued at $317,000. R Squared Ltd purchased a new stake in shares of Nomad Foods in the fourth quarter valued at $83,000. Blue Trust Inc. lifted its holdings in shares of Nomad Foods by 70.6% in the fourth 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. Fenimore Asset Management Inc lifted its holdings in shares of Nomad Foods by 5.6% in the fourth quarter. Fenimore Asset Management Inc now owns 1,035,044 shares of the company’s stock valued at $17,368,000 after purchasing an additional 54,742 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Nomad Foods in the fourth quarter valued at $2,766,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Up 2.8 %

Nomad Foods stock opened at $18.87 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 14.18 and a beta of 0.79. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.05. The company’s fifty day moving average price is $17.12 and its two-hundred day moving average price is $17.80.

Nomad Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.60%. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, February 10th. Nomad Foods’s dividend payout ratio is presently 51.13%.

Analysts Set New Price Targets

Several analysts recently issued reports on NOMD shares. Mizuho cut their price objective on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. Barclays cut their price objective on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

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.