T. Rowe Price Investment Management Inc. Raises Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

T. Rowe Price Investment Management Inc. raised its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,176,211 shares of the company's stock after purchasing an additional 86,897 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.56% of Nomad Foods worth $70,077,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Nomad Foods in the fourth quarter worth $27,386,000. Raymond James Financial Inc. bought a new position in Nomad Foods during the 4th quarter worth approximately $11,967,000. Thompson Siegel & Walmsley LLC lifted its position in Nomad Foods by 62.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock valued at $12,753,000 after purchasing an additional 291,258 shares during the last quarter. Perpetual Ltd lifted its position in Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company's stock valued at $12,032,000 after purchasing an additional 282,175 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Nomad Foods by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after purchasing an additional 253,086 shares during the period. Institutional investors own 75.26% of the company's stock.

Nomad Foods Trading Up 0.8 %

Nomad Foods stock traded up $0.15 during mid-day trading on Tuesday, reaching $19.57. 692,672 shares of the company traded hands, compared to its average volume of 639,469. The firm's 50 day moving average price is $19.45 and its 200 day moving average price is $18.04. Nomad Foods Limited has a 52-week low of $15.43 and a 52-week high of $20.81. 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 firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 14.71 and a beta of 0.83.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.17 dividend. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods's dividend payout ratio is presently 45.03%.

Analysts Set New Price Targets

NOMD has been the subject of several analyst reports. Barclays increased their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. StockNews.com lowered shares of Nomad Foods from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Mizuho boosted their price target on Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th.

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.