Townsend & Associates Inc Sells 895,704 Shares of Nomad Foods Limited $NOMD

Townsend & Associates Inc lowered its holdings in Nomad Foods Limited (NYSE:NOMD) by 55.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 721,762 shares of the company’s stock after selling 895,704 shares during the period. Townsend & Associates Inc’s holdings in Nomad Foods were worth $12,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Vontobel Holding Ltd. grew its position in Nomad Foods by 3.5% in the second quarter. Vontobel Holding Ltd. now owns 20,417 shares of the company’s stock valued at $347,000 after purchasing an additional 688 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Nomad Foods by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,048 shares of the company’s stock valued at $511,000 after acquiring an additional 690 shares during the period. Factorial Partners LLC grew its position in shares of Nomad Foods by 0.5% in the 1st quarter. Factorial Partners LLC now owns 192,100 shares of the company’s stock valued at $3,775,000 after acquiring an additional 1,000 shares during the period. HighTower Advisors LLC grew its position in shares of Nomad Foods by 12.7% in the 1st quarter. HighTower Advisors LLC now owns 12,729 shares of the company’s stock valued at $250,000 after acquiring an additional 1,432 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Nomad Foods in the 1st quarter valued at about $32,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $12.21 on Monday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.36 and a beta of 0.70. 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 simple moving average of $13.99 and a 200 day simple moving average of $16.57. Nomad Foods Limited has a 52 week low of $11.86 and a 52 week high of $20.81.

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

Nomad Foods Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on NOMD shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nomad Foods in a research report on Wednesday, October 8th. 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 research report on Wednesday, September 17th. Zacks Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. 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 research report on Tuesday, August 12th. 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 research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.75.

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.