Nomad Foods (NYSE:NOMD) Price Target Raised to $26.00

Nomad Foods (NYSE:NOMD) had its target price upped by Mizuho from $24.00 to $26.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently commented on NOMD. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays raised their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Nomad Foods Trading Down 0.7 %

NYSE NOMD opened at $20.40 on Tuesday. Nomad Foods has a 12 month low of $15.43 and a 12 month 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. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.34 and a beta of 0.77. The company’s fifty day moving average price is $17.59 and its two-hundred day moving average price is $17.86.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.33%. Nomad Foods’s dividend payout ratio (DPR) is currently 45.03%.

Institutional Trading of Nomad Foods

Hedge funds have recently bought and sold shares of the company. Townsend & Associates Inc lifted its position in Nomad Foods by 3.6% in the 3rd quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock valued at $26,976,000 after purchasing an additional 53,694 shares during the last quarter. Systematic Financial Management LP lifted its position in Nomad Foods by 11.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company’s stock valued at $24,151,000 after purchasing an additional 130,792 shares during the last quarter. Empowered Funds LLC bought a new stake in Nomad Foods in the 4th quarter valued at about $317,000. HighTower Advisors LLC bought a new stake in Nomad Foods in the 3rd quarter valued at about $218,000. Finally, Loomis Sayles & Co. L P lifted its position in Nomad Foods by 25.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after purchasing an additional 289,090 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

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.