Moody Aldrich Partners LLC Buys 161,623 Shares of Nomad Foods Limited $NOMD

by · The Markets Daily

Moody Aldrich Partners LLC increased its stake in Nomad Foods Limited (NYSE:NOMD – Free Report) by 188.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,558 shares of the company’s stock after acquiring an additional 161,623 shares during the period. Moody Aldrich Partners LLC owned about 0.16% of Nomad Foods worth $3,255,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in shares of Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after acquiring an additional 1,240 shares during the last quarter. State of Wyoming increased its position in shares of Nomad Foods by 56.6% during the first quarter. State of Wyoming now owns 9,466 shares of the company’s stock valued at $186,000 after buying an additional 3,421 shares during the period. Sciencast Management LP purchased a new position in shares of Nomad Foods during the 1st quarter worth approximately $196,000. PAX Financial Group LLC bought a new position in Nomad Foods in the second quarter worth $212,000. Finally, Cetera Investment Advisers purchased a new position in Nomad Foods during the 2nd quarter valued at about $221,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NOMD. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. BTIG Research reissued a “buy” rating and issued a $18.00 target price on shares of Nomad Foods in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Nomad Foods in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.67.

Get Our Latest Research Report on NOMD

Nomad Foods Stock Down 0.2%

NOMD opened at $12.50 on Thursday. The company has a market capitalization of $1.92 billion, a PE ratio of 8.68 and a beta of 0.73. The firm has a 50-day simple moving average of $12.13 and a two-hundred day simple moving average of $14.19. The company has a quick ratio of 0.59, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. Nomad Foods Limited has a 52 week low of $11.04 and a 52 week high of $20.81.

Nomad Foods (NYSE:NOMD – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Nomad Foods had a return on equity of 9.73% and a net margin of 6.56%.The firm had revenue of $881.94 million for the quarter, compared to analysts’ expectations of $760.75 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were issued a $0.17 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.4%. Nomad Foods’s payout ratio is 47.22%.

Nomad Foods Company Profile

(Free Report)

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.

See Also

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