Brown Advisory Inc. Has $140.55 Million Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Brown Advisory Inc. increased its stake in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,376,162 shares of the company's stock after purchasing an additional 410,455 shares during the quarter. Brown Advisory Inc. owned about 5.14% of Nomad Foods worth $140,552,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Nomad Foods in the 4th quarter valued at $27,386,000. Raymond James Financial Inc. acquired a new position in shares of Nomad Foods during the fourth quarter valued at $11,967,000. Thompson Siegel & Walmsley LLC boosted its holdings 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 acquiring an additional 291,258 shares during the last quarter. Perpetual Ltd increased its position in Nomad Foods by 64.9% in the fourth quarter. Perpetual Ltd now owns 717,055 shares of the company's stock worth $12,032,000 after purchasing an additional 282,175 shares during the period. Finally, Victory Capital Management Inc. raised 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 worth $38,968,000 after purchasing an additional 253,086 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Trading Down 2.7 %

NYSE NOMD traded down $0.53 during trading on Wednesday, reaching $19.08. 2,483,127 shares of the stock traded hands, compared to its average volume of 651,401. 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 quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 14.34 and a beta of 0.81. The stock's 50-day moving average price is $19.58 and its 200 day moving average price is $18.12.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Monday, May 12th. Nomad Foods's dividend payout ratio is currently 45.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NOMD shares. StockNews.com lowered shares of Nomad Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 25th. Mizuho lifted their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, Barclays increased their price target on Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd.

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.