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

Victory Capital Management Inc. increased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,698,163 shares of the company’s stock after acquiring an additional 195,485 shares during the quarter. Victory Capital Management Inc.’s holdings in Nomad Foods were worth $28,784,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Boston Partners boosted its position in shares of Nomad Foods by 41.3% during the 3rd quarter. Boston Partners now owns 5,518,260 shares of the company’s stock worth $83,988,000 after acquiring an additional 1,613,315 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Nomad Foods by 2.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,015,280 shares of the company’s stock worth $61,113,000 after purchasing an additional 91,049 shares during the last quarter. Paradice Investment Management LLC boosted its holdings in Nomad Foods by 13.9% in the third quarter. Paradice Investment Management LLC now owns 2,522,621 shares of the company’s stock valued at $38,394,000 after purchasing an additional 307,496 shares in the last quarter. Armistice Capital LLC increased its stake in Nomad Foods by 3.0% in the third quarter. Armistice Capital LLC now owns 1,287,195 shares of the company’s stock valued at $19,591,000 after purchasing an additional 37,195 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Nomad Foods by 157.6% during the fourth quarter. Russell Investments Group Ltd. now owns 1,183,801 shares of the company’s stock worth $20,065,000 after purchasing an additional 724,232 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

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

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data 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 business had revenue of $761.00 million during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.34 earnings per share. Equities research analysts forecast that Nomad Foods Limited will post 1.91 earnings per share for the current year.

Nomad Foods Dividend Announcement

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

Analysts Set New Price Targets

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

Nomad Foods Company 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.