Victory Capital Management Inc. Boosts Stake in Nomad Foods Limited (NYSE:NOMD)

Victory Capital Management Inc. increased its position in Nomad Foods Limited (NYSE:NOMD) by 0.9% in the 3rd quarter, Holdings Channel reports. The firm owned 2,069,181 shares of the company’s stock after buying an additional 18,189 shares during the period. Victory Capital Management Inc.’s holdings in Nomad Foods were worth $39,439,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc raised its stake in Nomad Foods by 34.0% during the 3rd quarter. Atria Investments Inc now owns 19,201 shares of the company’s stock valued at $366,000 after acquiring an additional 4,870 shares during the last quarter. Townsend & Associates Inc raised its stake in Nomad Foods by 3.6% during the 3rd quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock valued at $26,976,000 after acquiring an additional 53,694 shares during the last quarter. River Road Asset Management LLC raised its stake in Nomad Foods by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock valued at $76,615,000 after acquiring an additional 114,750 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Nomad Foods by 21.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 426,273 shares of the company’s stock valued at $8,125,000 after acquiring an additional 76,394 shares during the last quarter. Finally, VELA Investment Management LLC purchased a new stake in Nomad Foods during the 3rd quarter valued at approximately $286,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $16.46 on Friday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. The stock has a 50 day simple moving average of $18.18 and a 200-day simple moving average of $17.98. Nomad Foods Limited has a 12-month low of $15.76 and a 12-month high of $20.05. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is 44.44%.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays reduced their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com downgraded Nomad Foods from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

About Nomad Foods

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.