D. E. Shaw & Co. Inc. Sells 53,331 Shares of Nomad Foods Limited (NYSE:NOMD)

D. E. Shaw & Co. Inc. trimmed its holdings in Nomad Foods Limited (NYSE:NOMD - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,509 shares of the company's stock after selling 53,331 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.20% of Nomad Foods worth $5,345,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Nomad Foods by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock worth $15,671,000 after acquiring an additional 33,058 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Nomad Foods by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,140,867 shares of the company's stock worth $19,144,000 after purchasing an additional 114,026 shares during the period. Raymond James Financial Inc. purchased a new position in Nomad Foods during the 4th quarter worth $11,967,000. PNC Financial Services Group Inc. raised its position 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 in the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of Nomad Foods by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock worth $67,866,000 after buying an additional 24,775 shares during the period. 75.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOMD has been the subject of several recent research reports. Mizuho lifted their price objective on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Barclays raised their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Finally, StockNews.com cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

• Nomad Foods: A Defensive Stock on the Move

Check Out Our Latest Report on Nomad Foods

Nomad Foods Price Performance

NYSE NOMD opened at $18.14 on Friday. The firm's fifty day simple moving average is $19.34 and its two-hundred day simple moving average is $18.17. The firm has a market capitalization of $2.78 billion, a P/E ratio of 13.64 and a beta of 0.81. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted 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). Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The business had revenue of $822.31 million during the quarter, compared to analyst estimates of $769.39 million. During the same period in the previous year, the business earned $0.37 EPS. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts forecast that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.75%. Nomad Foods's payout ratio is presently 45.33%.

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.

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