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

Victory Capital Management Inc. lifted its holdings in Nomad Foods Limited (NYSE:NOMD) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698,163 shares of the company’s stock after purchasing an additional 195,485 shares during the quarter. Victory Capital Management Inc. owned about 0.97% of Nomad Foods worth $28,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOMD. Parkside Financial Bank & Trust purchased a new position in Nomad Foods in the 4th quarter worth $26,000. NBC Securities Inc. acquired a new position in shares of Nomad Foods in the third quarter valued at about $31,000. Quantbot Technologies LP raised its stake in shares of Nomad Foods by 160.0% in the third quarter. Quantbot Technologies LP now owns 9,675 shares of the company’s stock worth $147,000 after purchasing an additional 5,954 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Nomad Foods during the fourth quarter worth about $199,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Nomad Foods by 10.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,105 shares of the company’s stock valued at $199,000 after buying an additional 1,229 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $17.86 on Wednesday. Nomad Foods Limited has a 52-week low of $13.56 and a 52-week high of $20.05. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.91 billion, a PE ratio of 14.52 and a beta of 0.77. The business has a 50-day simple moving average of $18.99 and a 200-day simple moving average of $17.50.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $766.56 million. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. During the same period last year, the business earned $0.34 earnings per share. On average, equities analysts expect that Nomad Foods Limited will post 1.91 EPS for the current year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.36%. Nomad Foods’s payout ratio is 48.78%.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price objective on shares of Nomad Foods from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

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.