EverSource Wealth Advisors LLC Has $31,000 Holdings in Nomad Foods Limited (NYSE:NOMD)

EverSource Wealth Advisors LLC decreased its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 45.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,830 shares of the company’s stock after selling 1,532 shares during the period. EverSource Wealth Advisors LLC’s holdings in Nomad Foods were worth $31,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NOMD. Raymond James Financial Inc. acquired a new position in Nomad Foods during the fourth quarter valued at approximately $11,967,000. Loomis Sayles & Co. L P grew its stake in Nomad Foods by 25.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after buying an additional 289,090 shares during the last quarter. Perpetual Ltd raised its holdings in Nomad Foods by 64.9% in the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after acquiring an additional 282,175 shares during the period. Victory Capital Management Inc. raised its holdings in Nomad Foods by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock worth $38,968,000 after acquiring an additional 253,086 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in Nomad Foods during the fourth quarter valued at about $2,766,000. 75.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NOMD. Mizuho lifted their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Barclays raised their target price on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

Nomad Foods Stock Performance

NYSE:NOMD opened at $19.60 on Friday. The firm’s 50-day moving average is $18.25 and its 200-day moving average is $17.95. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 14.74 and a beta of 0.77. 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 $15.43 and a 52-week high of $20.81.

Nomad Foods Increases Dividend

The company also recently declared 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 represents a $0.68 annualized dividend and a yield of 3.47%. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods’s payout ratio 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.