Avior Wealth Management LLC Purchases 804 Shares of Nomad Foods Limited (NYSE:NOMD)

Avior Wealth Management LLC grew its position in Nomad Foods Limited (NYSE:NOMD) by 25.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,920 shares of the company’s stock after acquiring an additional 804 shares during the period. Avior Wealth Management LLC’s holdings in Nomad Foods were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Nomad Foods by 628.5% in the 1st quarter. Vanguard Group Inc. now owns 889,467 shares of the company’s stock worth $17,398,000 after purchasing an additional 767,366 shares during the last quarter. Invenomic Capital Management LP raised its position in Nomad Foods by 26.0% in the 1st quarter. Invenomic Capital Management LP now owns 1,218,304 shares of the company’s stock worth $23,830,000 after purchasing an additional 251,619 shares during the last quarter. Ancora Advisors LLC raised its position in Nomad Foods by 0.5% in the 1st quarter. Ancora Advisors LLC now owns 549,825 shares of the company’s stock worth $10,755,000 after purchasing an additional 2,555 shares during the last quarter. Swedbank AB bought a new position in Nomad Foods in the 1st quarter worth approximately $10,425,000. Finally, Boston Partners raised its position in Nomad Foods by 18.8% in the 1st quarter. Boston Partners now owns 8,563,043 shares of the company’s stock worth $167,241,000 after purchasing an additional 1,356,159 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOMD. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th.

Nomad Foods Price Performance

NOMD opened at $17.77 on Monday. The company has a fifty day moving average price of $17.93 and a two-hundred day moving average price of $17.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a 52 week low of $15.76 and a 52 week high of $20.05. The firm has a market capitalization of $2.90 billion, a PE ratio of 13.36 and a beta of 0.79.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is 45.11%.

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.