Victory Capital Management Inc. Has $53.54 Million Stock Position in Nomad Foods Limited (NYSE:NOMD)

Victory Capital Management Inc. increased its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,724,866 shares of the company's stock after purchasing an additional 402,599 shares during the quarter. Victory Capital Management Inc. owned 1.78% of Nomad Foods worth $53,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brown Advisory Inc. boosted its position in shares of Nomad Foods by 0.8% during the 1st quarter. Brown Advisory Inc. now owns 8,442,222 shares of the company's stock worth $165,890,000 after acquiring an additional 66,060 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Nomad Foods by 15.2% during the 1st quarter. Bank of New York Mellon Corp now owns 799,879 shares of the company's stock worth $15,718,000 after acquiring an additional 105,365 shares in the last quarter. VELA Investment Management LLC boosted its position in shares of Nomad Foods by 25.9% during the 1st quarter. VELA Investment Management LLC now owns 57,900 shares of the company's stock worth $1,138,000 after acquiring an additional 11,900 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Nomad Foods by 3.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,190 shares of the company's stock worth $4,130,000 after acquiring an additional 6,945 shares in the last quarter. Finally, First Bank & Trust acquired a new position in shares of Nomad Foods during the 1st quarter worth about $219,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Price Performance

NYSE NOMD traded up $0.49 on Tuesday, reaching $17.91. 803,214 shares of the stock traded hands, compared to its average volume of 702,465. The firm's fifty day simple moving average is $17.40 and its 200 day simple moving average is $18.21. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 11.94 and a beta of 0.73. Nomad Foods Limited has a 12 month low of $15.43 and a 12 month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The business had revenue of $822.31 million during the quarter, compared to analysts' expectations of $769.39 million. During the same quarter in the previous year, the company earned $0.37 EPS. Nomad Foods's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts predict that Nomad Foods Limited will post 1.82 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Monday, May 12th. Nomad Foods's dividend payout ratio (DPR) is presently 45.33%.

Analyst Ratings Changes

Several research firms have commented on NOMD. Barclays set a $20.00 price objective on Nomad Foods and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

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.