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

Atria Investments Inc grew its stake in Nomad Foods Limited (NYSE:NOMD) by 34.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,201 shares of the company’s stock after buying an additional 4,870 shares during the quarter. Atria Investments Inc’s holdings in Nomad Foods were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in Nomad Foods by 133.2% in the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 934 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Nomad Foods in the second quarter worth about $42,000. National Bank of Canada FI raised its stake in Nomad Foods by 378.4% during the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock valued at $46,000 after purchasing an additional 2,195 shares during the period. Quarry LP lifted its holdings in Nomad Foods by 366.5% in the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock worth $50,000 after purchasing an additional 2,360 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Nomad Foods in the 2nd quarter worth approximately $120,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE:NOMD opened at $17.55 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 12.86 and a beta of 0.79. Nomad Foods Limited has a 1 year low of $15.76 and a 1 year high of $20.05. The stock’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $17.94.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders 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%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NOMD shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday.

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.