Fenimore Asset Management Inc Buys 54,742 Shares of Nomad Foods Limited (NYSE:NOMD)

Fenimore Asset Management Inc grew its position in shares of Nomad Foods Limited (NYSE:NOMD) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,035,044 shares of the company’s stock after purchasing an additional 54,742 shares during the quarter. Fenimore Asset Management Inc’s holdings in Nomad Foods were worth $17,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Nomad Foods during the fourth quarter worth $2,766,000. Perpetual Ltd boosted its position in Nomad Foods by 64.9% during the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock valued at $12,032,000 after acquiring an additional 282,175 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Nomad Foods during the 4th quarter worth about $264,000. Barclays PLC raised its position in shares of Nomad Foods by 53.7% in the 3rd quarter. Barclays PLC now owns 7,681 shares of the company’s stock worth $146,000 after acquiring an additional 2,682 shares in the last quarter. Finally, PYA Waltman Capital LLC lifted its stake in shares of Nomad Foods by 20.7% in the 3rd quarter. PYA Waltman Capital LLC now owns 287,670 shares of the company’s stock valued at $5,483,000 after purchasing an additional 49,432 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Trading Down 0.5 %

NYSE NOMD opened at $16.50 on Friday. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.05. The business has a 50 day moving average price of $17.04 and a 200-day moving average price of $17.80. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 12.40 and a beta of 0.79.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 45.11%.

Wall Street Analysts Forecast Growth

NOMD has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Mizuho reduced their price target on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Finally, Barclays dropped their price objective on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, January 17th.

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.