Loomis Sayles & Co. L P Has $27.04 Million Stake in Nomad Foods Limited (NYSE:NOMD)

Loomis Sayles & Co. L P increased its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 25.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,418,497 shares of the company’s stock after buying an additional 289,090 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Nomad Foods were worth $27,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Nomad Foods by 133.2% during the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after purchasing an additional 934 shares in the last quarter. Headlands Technologies LLC bought a new stake in Nomad Foods during the second quarter worth about $42,000. National Bank of Canada FI grew its stake in Nomad Foods by 378.4% during the second quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after buying an additional 2,195 shares in the last quarter. Quarry LP increased its holdings in Nomad Foods by 366.5% in the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock valued at $50,000 after buying an additional 2,360 shares during the period. Finally, Avior Wealth Management LLC raised its position in shares of Nomad Foods by 25.8% in the 3rd 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 in the last quarter. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

NOMD stock opened at $17.69 on Tuesday. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 13.35 and a beta of 0.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company has a 50 day simple moving average of $17.93 and a 200 day simple moving average of $17.94. Nomad Foods Limited has a 1 year low of $15.76 and a 1 year high of $20.05.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. Nomad Foods’s dividend payout ratio (DPR) is presently 45.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note 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 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.