River Road Asset Management LLC Acquires 114,750 Shares of Nomad Foods Limited (NYSE:NOMD)

River Road Asset Management LLC increased its position in Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,019,663 shares of the company's stock after buying an additional 114,750 shares during the quarter. River Road Asset Management LLC owned 2.47% of Nomad Foods worth $76,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Nomad Foods by 133.2% during the 2nd quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock valued at $27,000 after purchasing an additional 934 shares during the period. Headlands Technologies LLC purchased a new position in Nomad Foods during the 2nd quarter valued at $42,000. National Bank of Canada FI increased its position 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 boosted its holdings in shares of Nomad Foods by 366.5% during the 2nd quarter. Quarry LP now owns 3,004 shares of the company's stock valued at $50,000 after buying an additional 2,360 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Nomad Foods during the 2nd quarter valued at $120,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on NOMD. StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Monday. Finally, Barclays dropped their target price on shares of Nomad Foods from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, July 19th.

Nomad Foods Stock Performance

NOMD traded up $0.01 during midday trading on Tuesday, hitting $17.69. 311,436 shares of the company traded hands, compared to its average volume of 577,737. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $2.88 billion, a PE ratio of 13.10 and a beta of 0.79. The company's 50-day moving average is $18.47 and its 200 day moving average is $18.06. Nomad Foods Limited has a 52 week low of $14.19 and a 52 week high of $20.05.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. The business had revenue of $810.64 million for the quarter, compared to analysts' expectations of $822.21 million. On average, research analysts expect that Nomad Foods Limited will post 1.96 EPS for the current year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, November 8th. Nomad Foods's payout ratio is currently 44.44%.

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.