Deroy & Devereaux Private Investment Counsel Inc. Sells 5,530 Shares of Nomad Foods Limited $NOMD

Deroy & Devereaux Private Investment Counsel Inc. lessened its position in shares of Nomad Foods Limited (NYSE:NOMD) by 2.6% in the second quarter, Holdings Channel.com reports. The firm owned 204,660 shares of the company’s stock after selling 5,530 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Nomad Foods were worth $3,477,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC bought a new position in Nomad Foods during the 2nd quarter worth about $1,448,000. Meritage Portfolio Management bought a new position in Nomad Foods during the 2nd quarter worth about $6,599,000. Vanguard Personalized Indexing Management LLC increased its holdings in Nomad Foods by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,048 shares of the company’s stock worth $511,000 after purchasing an additional 690 shares in the last quarter. Inspire Investing LLC bought a new position in Nomad Foods during the 2nd quarter worth about $237,000. Finally, Triodos Investment Management BV increased its holdings in Nomad Foods by 0.3% during the 2nd quarter. Triodos Investment Management BV now owns 959,179 shares of the company’s stock worth $16,296,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NOMD shares. Mizuho lowered their target price on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Nomad Foods in a research note on Wednesday, October 8th. BTIG Research reduced their price objective on shares of Nomad Foods from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Barclays reduced their price objective on shares of Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Zacks Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Four research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

Nomad Foods Stock Up 2.3%

NOMD opened at $12.41 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 8.50 and a beta of 0.70. Nomad Foods Limited has a twelve month low of $11.94 and a twelve month high of $20.81. The company’s 50-day moving average price is $14.21 and its two-hundred day moving average price is $16.75.

Nomad Foods (NYSE:NOMD) last released its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $879.27 million for 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 company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, equities analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, August 11th. Nomad Foods’s dividend payout ratio is presently 46.58%.

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.