Swedbank AB Sells 202,000 Shares of Nomad Foods Limited (NYSE:NOMD)

Swedbank AB decreased its stake in Nomad Foods Limited (NYSE:NOMD) by 43.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,000 shares of the company’s stock after selling 202,000 shares during the period. Swedbank AB owned about 0.16% of Nomad Foods worth $5,089,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its position in Nomad Foods by 123.2% during the second quarter. Assenagon Asset Management S.A. now owns 548,738 shares of the company’s stock valued at $9,043,000 after acquiring an additional 302,913 shares during the last quarter. SG Americas Securities LLC bought a new stake in Nomad Foods in the second quarter worth $251,000. Townsend & Associates Inc boosted its position in Nomad Foods by 3.6% during the third quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock valued at $26,976,000 after buying an additional 53,694 shares during the period. Seizert Capital Partners LLC grew its stake in shares of Nomad Foods by 42.7% during the third quarter. Seizert Capital Partners LLC now owns 270,164 shares of the company’s stock valued at $5,149,000 after buying an additional 80,807 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Nomad Foods by 8.3% in the second quarter. Renaissance Technologies LLC now owns 4,179,679 shares of the company’s stock worth $68,881,000 after buying an additional 320,900 shares during the period. 75.26% of the stock is owned by institutional investors.

Nomad Foods Trading Up 0.7 %

NOMD opened at $18.09 on Thursday. Nomad Foods Limited has a one year low of $15.76 and a one year high of $20.05. 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 business has a 50 day simple moving average of $17.87 and a two-hundred day simple moving average of $17.93. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 13.55 and a beta of 0.79.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

Wall Street Analyst Weigh In

NOMD has been the topic of several recent research reports. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their target price 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.

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.