Atria Investments Inc Has $287,000 Holdings in Nomad Foods Limited (NYSE:NOMD)

Atria Investments Inc trimmed its position in Nomad Foods Limited (NYSE:NOMD) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,084 shares of the company’s stock after selling 2,117 shares during the period. Atria Investments Inc’s holdings in Nomad Foods were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOMD. Victory Capital Management Inc. boosted its position in Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after buying an additional 253,086 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Nomad Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,906,862 shares of the company’s stock worth $36,345,000 after acquiring an additional 39,739 shares in the last quarter. Townsend & Associates Inc grew its position in Nomad Foods by 3.2% during the 4th quarter. Townsend & Associates Inc now owns 1,589,052 shares of the company’s stock worth $26,807,000 after acquiring an additional 49,321 shares during the last quarter. Invenomic Capital Management LP increased its holdings in Nomad Foods by 6.4% during the 3rd quarter. Invenomic Capital Management LP now owns 1,532,709 shares of the company’s stock valued at $29,213,000 after purchasing an additional 92,844 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Nomad Foods by 25.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after purchasing an additional 289,090 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

Nomad Foods Trading Up 1.6 %

Shares of Nomad Foods stock opened at $19.83 on Tuesday. The stock has a market cap of $3.04 billion, a P/E ratio of 14.91 and a beta of 0.77. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 12-month low of $15.43 and a 12-month high of $20.81. The business’s 50 day moving average is $18.05 and its 200-day moving average is $17.92.

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 paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a yield of 3.43%. This is a positive change from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio is 45.03%.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of research reports. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Mizuho upped their price objective on Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Finally, Barclays lifted their target price on Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd.

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.