Nomad Foods Limited (NYSE:NOMD) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Nomad Foods Limited (NYSE:NOMD) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,322,267 shares of the company’s stock after purchasing an additional 253,086 shares during the quarter. Victory Capital Management Inc.’s holdings in Nomad Foods were worth $38,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its holdings in shares of Nomad Foods by 21.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company’s stock valued at $63,000 after buying an additional 670 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after acquiring an additional 800 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after purchasing an additional 804 shares during the period. State Street Corp lifted its holdings in shares of Nomad Foods by 0.6% during the third quarter. State Street Corp now owns 182,004 shares of the company’s stock valued at $3,469,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Nomad Foods by 70.6% in the 4th quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock valued at $59,000 after purchasing an additional 1,448 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Stock Down 0.4 %

Shares of Nomad Foods stock opened at $20.36 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock has a 50-day moving average price of $17.67 and a 200 day moving average price of $17.87. The company has a market cap of $3.32 billion, a P/E ratio of 15.31 and a beta of 0.77.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a dividend of $0.17 per share. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, February 10th. Nomad Foods’s dividend payout ratio (DPR) is currently 45.03%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NOMD shares. Barclays boosted their price objective on Nomad Foods from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Mizuho raised their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th.

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.