Magnetar Financial LLC Has $320,000 Stake in Nomad Foods Limited (NYSE:NOMD)

Magnetar Financial LLC trimmed its position in Nomad Foods Limited (NYSE:NOMD) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,059 shares of the company’s stock after selling 1,256 shares during the quarter. Magnetar Financial LLC’s holdings in Nomad Foods were worth $320,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NOMD. Raymond James Financial Inc. acquired a new position in Nomad Foods during the fourth quarter worth $11,967,000. Thompson Siegel & Walmsley LLC raised its stake in Nomad Foods by 62.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company’s stock worth $12,753,000 after acquiring an additional 291,258 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Nomad Foods by 25.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock worth $27,036,000 after acquiring an additional 289,090 shares in the last quarter. Perpetual Ltd raised its stake in Nomad Foods by 64.9% during the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock worth $12,032,000 after acquiring an additional 282,175 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Nomad Foods by 12.2% during the fourth 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 in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Price Performance

Shares of NOMD stock opened at $19.35 on Friday. The stock’s fifty day moving average is $18.33 and its 200-day moving average is $17.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The stock has a market capitalization of $2.97 billion, a PE ratio of 14.55 and a beta of 0.77. Nomad Foods Limited has a 52 week low of $15.43 and a 52 week high of $20.81.

Nomad Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio is presently 45.03%.

Wall Street Analyst Weigh In

NOMD has been the subject of several recent analyst reports. Mizuho increased 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 increased their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd.

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.