Nomad Foods Limited $NOMD Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC lowered its position in Nomad Foods Limited (NYSE:NOMD) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,425 shares of the company’s stock after selling 6,908 shares during the quarter. Oak Ridge Investments LLC owned about 0.09% of Nomad Foods worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NOMD. GAMMA Investing LLC increased its stake in shares of Nomad Foods by 2,002.9% in the first quarter. GAMMA Investing LLC now owns 14,973 shares of the company’s stock valued at $294,000 after purchasing an additional 14,261 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Nomad Foods in the first quarter valued at approximately $300,000. SG Americas Securities LLC bought a new position in shares of Nomad Foods in the first quarter valued at approximately $530,000. Sound Income Strategies LLC boosted its holdings in shares of Nomad Foods by 9.0% in the first quarter. Sound Income Strategies LLC now owns 179,767 shares of the company’s stock valued at $3,532,000 after acquiring an additional 14,907 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Nomad Foods by 38.5% in the first quarter. Janney Montgomery Scott LLC now owns 43,993 shares of the company’s stock valued at $864,000 after acquiring an additional 12,219 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Trading Down 2.7%

Shares of NYSE:NOMD opened at $12.16 on Friday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.33 and a beta of 0.70. Nomad Foods Limited has a 1-year low of $12.11 and a 1-year high of $20.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02. The company has a 50 day moving average price of $14.39 and a 200 day moving average price of $16.85.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $879.27 million during the quarter, compared to analysts’ expectations of $762.81 million. Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. On average, research analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, August 11th. Nomad Foods’s payout ratio is presently 46.58%.

Analyst Upgrades and Downgrades

NOMD has been the subject of several recent analyst reports. Mizuho decreased their price objective on shares of Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. BTIG Research decreased their price objective on shares of Nomad Foods from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nomad Foods in a report on Wednesday. Finally, Barclays decreased their price objective on shares of Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

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.