Nomad Foods Limited (NYSE:NOMD) Shares Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,176,211 shares of the company's stock after purchasing an additional 86,897 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 2.56% of Nomad Foods worth $70,077,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Nomad Foods in the 4th quarter worth approximately $27,386,000. Raymond James Financial Inc. bought a new position in shares of Nomad Foods in the 4th quarter worth approximately $11,967,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Nomad Foods by 62.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 759,984 shares of the company's stock worth $12,753,000 after purchasing an additional 291,258 shares during the period. Perpetual Ltd raised its stake in Nomad Foods by 64.9% during the 4th quarter. Perpetual Ltd now owns 717,055 shares of the company's stock worth $12,032,000 after acquiring an additional 282,175 shares during the period. Finally, Victory Capital Management Inc. raised its stake 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 acquiring an additional 253,086 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Stock Performance

Shares of NYSE:NOMD traded down $0.18 on Thursday, hitting $19.82. 340,386 shares of the company were exchanged, compared to its average volume of 639,334. Nomad Foods Limited has a 1-year low of $15.43 and a 1-year high of $20.81. The stock's 50 day moving average price is $19.50 and its 200 day moving average price is $18.07. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.04 billion, a P/E ratio of 14.89 and a beta of 0.83.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.43%. Nomad Foods's payout ratio is currently 45.03%.

Analysts Set New Price Targets

NOMD has been the subject of a number of research analyst reports. Mizuho increased their price objective 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. StockNews.com downgraded shares of Nomad Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Barclays raised their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd.

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.