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

Victory Capital Management Inc. boosted its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,322,267 shares of the company's stock after buying an additional 253,086 shares during the period. Victory Capital Management Inc. owned 1.42% of Nomad Foods worth $38,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Nomad Foods by 61.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock valued at $40,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. lifted its stake 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 last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Nomad Foods by 21.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock valued at $63,000 after purchasing an additional 670 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock valued at $75,000 after purchasing an additional 804 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Nomad Foods in the 4th quarter valued at $83,000. Institutional investors and hedge funds own 75.26% of the company's stock.

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Nomad Foods Stock Up 1.6 %

NOMD stock traded up $0.34 during mid-day trading on Monday, reaching $20.72. The company had a trading volume of 720,415 shares, compared to its average volume of 704,320. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 15.58 and a beta of 0.77. The firm has a fifty day simple moving average of $17.67 and a 200 day simple moving average of $17.87. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a $0.17 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.68 dividend on an annualized basis and a yield of 3.28%. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio (DPR) is currently 45.03%.

Analysts Set New Price Targets

Several brokerages have recently commented on NOMD. StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Mizuho raised their target price on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Finally, Barclays raised their target price on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd.

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.