Nomad Foods Limited (NYSE:NOMD) Short Interest Update

Nomad Foods Limited (NYSE:NOMD) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,790,000 shares, a growth of 31.6% from the January 31st total of 2,120,000 shares. Based on an average trading volume of 672,700 shares, the short-interest ratio is presently 4.1 days. Currently, 2.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NOMD. Barclays lifted their price target on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho lifted their target price on Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after buying an additional 800 shares during the last quarter. Blue Trust Inc. boosted its stake in Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after acquiring an additional 1,448 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Nomad Foods during the 4th quarter valued at approximately $62,000. Parkside Financial Bank & Trust raised its holdings in shares of Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after purchasing an additional 670 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $75,000 after purchasing an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Up 1.6 %

Shares of NOMD stock opened at $20.61 on Thursday. Nomad Foods has a 52-week low of $15.43 and a 52-week high of $20.81. The company has a 50-day simple moving average of $17.52 and a two-hundred day simple moving average of $17.84. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.49 and a beta of 0.77.

Nomad Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a dividend of $0.17 per share. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is 45.03%.

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.