SG Americas Securities LLC Buys 15,230 Nomad Foods Limited (NYSE:NOMD) Shares

SG Americas Securities LLC acquired a new stake in shares of Nomad Foods Limited (NYSE:NOMD – Free Report) during the second quarter, Holdings Channel.com reports. The firm purchased 15,230 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds have added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new position in shares of Nomad Foods in the 4th quarter valued at approximately $26,000. Atlas Capital Advisors LLC bought a new position in shares of Nomad Foods in the first quarter worth about $201,000. SYSTM Wealth Solutions LLC lifted its position in shares of Nomad Foods by 19.6% in the first quarter. SYSTM Wealth Solutions LLC now owns 15,984 shares of the company’s stock worth $313,000 after buying an additional 2,617 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Nomad Foods in the 4th quarter valued at approximately $291,000. Finally, Sciencast Management LP lifted its position in shares of Nomad Foods by 12.5% ​​in the first quarter. Sciencast Management LP now owns 17,488 shares of the company’s stock worth $342,000 after buying an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s shares.

Nomad Foods trading up 2.6%

NYSE:NOMD opened at $18.65 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.73, and a debt-to-equity ratio of 0.81. The stock has a market cap of $3.04 billion, a PE ratio of 15.54 and a beta of 0.79. The company’s 50-day moving average is $17.64 and its 200-day moving average is $18.19. Nomad Foods Limited has a 12-month low of $13.56 and a 12-month high of $20.05.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Saturday, August 10th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 9. This represents a dividend of $0.60 on an annualized basis and a yield of 3.22%. Nomad Foods’ payout ratio is 50.00%.

Changes in Analyst Ratings

Several equities analysts have commented on NOMD shares. Barclays dropped their target price on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Mizuho raised their target price on shares of Nomad Foods from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, May 10th. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Nomad Foods from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

See the latest stock analysis on NOMD

Profile of Nomad Foods

(Free report)

Nomad Foods Limited, together with its subsidiaries, manufactures, markets and distributes a range of frozen food products in the UK 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 meat and poultry products including nuggets, grills and burgers.

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