Nomad Foods Limited (NYSE:NOMD) Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC boosted its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,044,438 shares of the company's stock after acquiring an additional 24,775 shares during the period. River Road Asset Management LLC owned about 2.48% of Nomad Foods worth $67,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in shares of Nomad Foods by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,757 shares of the company's stock worth $63,000 after buying an additional 670 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Nomad Foods by 61.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company's stock valued at $40,000 after purchasing an additional 800 shares during the period. Avior Wealth Management LLC grew its holdings in Nomad Foods by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company's stock valued at $75,000 after purchasing an additional 804 shares during the period. State Street Corp grew its holdings in Nomad Foods by 0.6% in the third quarter. State Street Corp now owns 182,004 shares of the company's stock valued at $3,469,000 after purchasing an additional 1,018 shares during the period. Finally, Blue Trust Inc. grew its holdings in Nomad Foods by 70.6% in the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,448 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Nomad Foods Trading Down 1.7 %

NOMD traded down $0.34 during trading on Thursday, hitting $19.43. 1,066,137 shares of the company's stock were exchanged, compared to its average volume of 598,191. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods Limited has a 1 year low of $15.43 and a 1 year high of $20.81. The stock has a 50 day moving average price of $17.92 and a 200 day moving average price of $17.92. The firm has a market cap of $2.98 billion, a P/E ratio of 14.61 and a beta of 0.77.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.17 per share. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Monday, February 10th. Nomad Foods's payout ratio is currently 45.03%.

Wall Street Analyst Weigh In

NOMD has been the subject of a number of recent analyst reports. Mizuho boosted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Barclays boosted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Finally, StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th.

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.