Clean Yield Group Sells 132,665 Shares of Nomad Foods Limited (NYSE:NOMD)

Clean Yield Group reduced its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 82.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,454 shares of the company’s stock after selling 132,665 shares during the quarter. Clean Yield Group’s holdings in Nomad Foods were worth $477,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in shares of Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares during the last quarter. Avior Wealth Management LLC increased its position in Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after buying an additional 804 shares during the period. Custom Index Systems LLC lifted its holdings in shares of Nomad Foods by 4.7% during the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after buying an additional 847 shares during the last quarter. State Street Corp raised its stake in Nomad Foods by 0.6% during the 3rd quarter. State Street Corp now owns 182,004 shares of the company’s stock valued at $3,469,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of Nomad Foods by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company’s stock worth $3,864,000 after purchasing an additional 1,450 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NOMD shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Mizuho decreased their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Nomad Foods Price Performance

Shares of NOMD stock traded up $0.21 during trading hours on Monday, hitting $15.82. 273,948 shares of the company’s stock were exchanged, compared to its average volume of 533,973. The stock’s 50-day moving average is $17.12 and its 200-day moving average is $17.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.05. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 11.89 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.79%. Nomad Foods’s dividend payout ratio (DPR) is currently 45.11%.

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.