Massachusetts Financial Services Co. MA Buys 2,852 Shares of Nomad Foods Limited (NYSE:NOMD)

Massachusetts Financial Services Co. MA boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,257,429 shares of the company’s stock after acquiring an additional 2,852 shares during the period. Massachusetts Financial Services Co. MA owned 2.00% of Nomad Foods worth $54,660,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its holdings in 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 acquiring an additional 800 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,448 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock valued at $63,000 after purchasing an additional 670 shares during the period. Headlands Technologies LLC bought a new stake in shares of Nomad Foods in the fourth quarter valued at approximately $76,000. Finally, R Squared Ltd purchased a new stake in shares of Nomad Foods during the 4th quarter valued at approximately $83,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOMD has been the subject of several recent research reports. Barclays lifted their price target on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Mizuho lifted their target price on Nomad Foods from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th.

Nomad Foods Stock Down 2.5 %

Shares of NYSE:NOMD opened at $19.40 on Friday. The firm has a fifty day moving average price of $18.92 and a two-hundred day moving average price of $17.97. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 14.59 and a beta of 0.83. 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 one year low of $15.43 and a one year high of $20.81.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.17 per share. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, February 10th. This represents a $0.68 annualized dividend and a yield of 3.51%. Nomad Foods’s dividend payout ratio (DPR) is currently 45.03%.

Nomad Foods 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.