Nomad Foods Limited (NYSE:NOMD) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its position in Nomad Foods Limited (NYSE:NOMD) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,688 shares of the company’s stock after buying an additional 1,552 shares during the period. Orion Portfolio Solutions LLC’s holdings in Nomad Foods were worth $737,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NOMD. Blue Trust Inc. lifted its position in shares of Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 934 shares in the last quarter. Headlands Technologies LLC purchased a new position in Nomad Foods in the 2nd quarter valued at $42,000. National Bank of Canada FI boosted its stake in Nomad Foods by 378.4% during the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after purchasing an additional 2,195 shares during the last quarter. Quarry LP grew its holdings in shares of Nomad Foods by 366.5% during the second quarter. Quarry LP now owns 3,004 shares of the company’s stock worth $50,000 after buying an additional 2,360 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of 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 buying an additional 804 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective 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. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Nomad Foods Trading Down 2.3 %

Shares of NOMD stock opened at $17.36 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $17.55 and its 200-day moving average price is $17.88. Nomad Foods Limited has a twelve month low of $15.99 and a twelve month high of $20.05. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 13.05 and a beta of 0.78.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.46%. Nomad Foods’s dividend payout ratio (DPR) is 45.11%.

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.