Nomad Foods (NYSE:NOMD) Given New $19.00 Price Target at Barclays

Nomad Foods (NYSE:NOMD) had its price objective decreased by Barclays from $21.00 to $19.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts also recently commented on NOMD. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Mizuho cut their target price on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th.

Nomad Foods Stock Performance

Shares of NOMD opened at $17.00 on Friday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 12.78 and a beta of 0.79. Nomad Foods has a 52-week low of $15.43 and a 52-week high of $20.05. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $17.03 and a 200 day moving average price of $17.80.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is currently 45.11%.

Hedge Funds Weigh In On Nomad Foods

Institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake 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 valued at $40,000 after buying an additional 800 shares during the period. Avior Wealth Management LLC raised its stake in shares of Nomad Foods by 25.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after buying an additional 804 shares during the last quarter. Custom Index Systems LLC raised its position in Nomad Foods by 4.7% during the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after acquiring an additional 847 shares during the last quarter. State Street Corp raised its position in shares of Nomad Foods by 0.6% during the 3rd quarter. State Street Corp now owns 182,004 shares of the company’s stock worth $3,469,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Nomad Foods by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company’s stock valued at $3,864,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

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.