Atria Investments Inc Boosts Stake in Nomad Foods Limited (NYSE:NOMD)

Atria Investments Inc increased its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 34.0% in the third quarter, HoldingsChannel reports. The firm owned 19,201 shares of the company’s stock after buying an additional 4,870 shares during the period. Atria Investments Inc’s holdings in Nomad Foods were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Townsend & Associates Inc grew its stake in Nomad Foods by 3.6% during the 3rd quarter. Townsend & Associates Inc now owns 1,539,731 shares of the company’s stock worth $26,976,000 after buying an additional 53,694 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Nomad Foods by 2.9% during the third quarter. River Road Asset Management LLC now owns 4,019,663 shares of the company’s stock worth $76,615,000 after acquiring an additional 114,750 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Nomad Foods by 21.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 426,273 shares of the company’s stock worth $8,125,000 after acquiring an additional 76,394 shares during the last quarter. VELA Investment Management LLC acquired a new position in shares of Nomad Foods during the third quarter valued at about $286,000. Finally, Oak Ridge Investments LLC raised its position in shares of Nomad Foods by 1.9% in the 3rd quarter. Oak Ridge Investments LLC now owns 296,243 shares of the company’s stock valued at $5,646,000 after purchasing an additional 5,456 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOMD. Deutsche Bank Aktiengesellschaft cut their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday.

Nomad Foods Trading Up 2.6 %

Nomad Foods stock opened at $17.55 on Friday. Nomad Foods Limited has a 52 week low of $15.76 and a 52 week high of $20.05. The stock has a 50-day moving average price of $18.00 and a 200 day moving average price of $17.94. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 12.86 and a beta of 0.79.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.42%. Nomad Foods’s payout ratio is currently 45.11%.

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.