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

Victory Capital Management Inc. grew its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 1.78% of Nomad Foods worth $53,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in Nomad Foods by 23.0% in the fourth quarter. Quantbot Technologies LP now owns 33,733 shares of the company's stock worth $566,000 after acquiring an additional 6,300 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Nomad Foods by 1.2% during the 4th quarter. American Century Companies Inc. now owns 383,508 shares of the company's stock valued at $6,435,000 after acquiring an additional 4,575 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Nomad Foods in the 4th quarter worth approximately $191,000. Vanguard Group Inc. raised its position in shares of Nomad Foods by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 933,883 shares of the company's stock valued at $15,671,000 after purchasing an additional 33,058 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Nomad Foods in the 4th quarter valued at approximately $215,000. Hedge funds and other institutional investors own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NOMD shares. Barclays set a $20.00 target price on Nomad Foods and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen cut Nomad Foods from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Nomad Foods Stock Performance

NOMD traded up $0.01 during midday trading on Monday, reaching $17.44. The company's stock had a trading volume of 114,224 shares, compared to its average volume of 700,281. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81. The stock has a market cap of $2.68 billion, a P/E ratio of 11.63 and a beta of 0.73. The company has a fifty day simple moving average of $17.42 and a 200 day simple moving average of $18.21. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

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

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 3.90%. Nomad Foods's dividend payout ratio is 45.33%.

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.