16,820 Shares in Nomad Foods Limited (NYSE:NOMD) Acquired by Corton Capital Inc.

Corton Capital Inc. purchased a new stake in Nomad Foods Limited (NYSE:NOMD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,820 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Nomad Foods by 70.6% in the 4th 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 during the period. Johnson Financial Group Inc. acquired a new stake in Nomad Foods during the 4th quarter valued at $62,000. Parkside Financial Bank & Trust lifted its holdings in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock valued at $63,000 after purchasing an additional 670 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Nomad Foods in the fourth quarter worth $76,000. Finally, R Squared Ltd purchased a new position in shares of Nomad Foods during the fourth quarter valued at $83,000. Institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays lifted their target price on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Mizuho boosted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Finally, StockNews.com downgraded shares of Nomad Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 25th.

Nomad Foods Stock Down 2.1 %

Shares of Nomad Foods stock opened at $19.59 on Wednesday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 14.73 and a beta of 0.81. The stock has a 50-day simple moving average of $19.58 and a 200-day simple moving average of $18.12. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

Nomad Foods 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.