12,792 Shares in Nomad Foods Limited (NYSE:NOMD) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,792 shares of the company’s stock, valued at approximately $215,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in shares of Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock worth $63,000 after buying an additional 670 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock valued at $40,000 after purchasing an additional 800 shares during the last quarter. State Street Corp lifted its position in shares of Nomad Foods by 0.6% in the third 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 in the last quarter. Blue Trust Inc. boosted its holdings in Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,448 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Nomad Foods by 4.2% in the third quarter. Orion Portfolio Solutions LLC now owns 38,688 shares of the company’s stock valued at $737,000 after purchasing an additional 1,552 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Up 0.7 %

Shares of NYSE:NOMD opened at $19.84 on Friday. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. 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 company has a market capitalization of $3.04 billion, a P/E ratio of 14.92 and a beta of 0.77. The company has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $17.96.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is presently 45.03%.

Wall Street Analyst Weigh In

Several brokerages have commented on NOMD. Barclays boosted their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Mizuho upped their target price on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th.

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.