River Road Asset Management LLC Purchases 24,775 Shares of Nomad Foods Limited (NYSE:NOMD)

River Road Asset Management LLC grew its position in shares of Nomad Foods Limited (NYSE:NOMD) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,044,438 shares of the company’s stock after purchasing an additional 24,775 shares during the quarter. River Road Asset Management LLC owned approximately 2.48% of Nomad Foods worth $67,866,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Nomad Foods during the 4th quarter valued at about $11,967,000. Loomis Sayles & Co. L P boosted its holdings in Nomad Foods by 25.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,418,497 shares of the company’s stock valued at $27,036,000 after acquiring an additional 289,090 shares during the period. Perpetual Ltd boosted its holdings in Nomad Foods by 64.9% during the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company’s stock valued at $12,032,000 after acquiring an additional 282,175 shares during the period. Victory Capital Management Inc. boosted its holdings in Nomad Foods by 12.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company’s stock valued at $38,968,000 after acquiring an additional 253,086 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in Nomad Foods during the 4th quarter valued at about $2,766,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Trading Down 0.4 %

NYSE NOMD opened at $20.30 on Tuesday. Nomad Foods Limited has a fifty-two week low of $15.43 and a fifty-two week high of $20.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. The stock has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $17.88. The stock has a market cap of $3.11 billion, a P/E ratio of 15.26 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 issued a $0.17 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.68 annualized dividend and a yield of 3.35%. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio (DPR) is 45.03%.

Wall Street Analyst Weigh In

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

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.