American Assets Inc. Invests $526,000 in Nomad Foods Limited $NOMD

American Assets Inc. purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $526,000. Nomad Foods accounts for 0.2% of American Assets Inc.’s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its position in Nomad Foods by 40.3% during the second quarter. Boston Partners now owns 14,323,433 shares of the company’s stock worth $243,276,000 after purchasing an additional 4,114,150 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Nomad Foods by 0.4% in the second quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after buying an additional 27,177 shares in the last quarter. Polaris Capital Management LLC raised its stake in shares of Nomad Foods by 138.8% during the 3rd quarter. Polaris Capital Management LLC now owns 3,441,900 shares of the company’s stock worth $45,261,000 after buying an additional 2,000,400 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Nomad Foods by 15.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,785,128 shares of the company’s stock valued at $30,329,000 after buying an additional 234,894 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of Nomad Foods by 2.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,514,488 shares of the company’s stock valued at $25,731,000 after buying an additional 33,058 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Up 0.4%

Nomad Foods stock opened at $12.91 on Friday. The company has a market capitalization of $1.98 billion, a P/E ratio of 8.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.59 and a current ratio of 1.02. Nomad Foods Limited has a fifty-two week low of $11.04 and a fifty-two week high of $20.81. The stock has a 50-day simple moving average of $12.29 and a 200-day simple moving average of $13.23.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $881.94 million for the quarter, compared to analysts’ expectations of $760.75 million. Nomad Foods had a return on equity of 9.73% and a net margin of 6.56%.The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. Equities research analysts expect that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, February 11th. Nomad Foods’s dividend payout ratio (DPR) is presently 47.22%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Nomad Foods from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research note on Wednesday, January 28th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of Nomad Foods in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.00.

Nomad Foods Company Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.