Yorkville Advisors Global LP Buys New Shares in Nomad Foods Limited $NOMD

Yorkville Advisors Global LP bought a new stake in Nomad Foods Limited (NYSE:NOMD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the company’s stock, valued at approximately $1,251,000. Nomad Foods comprises 0.8% of Yorkville Advisors Global LP’s portfolio, making the stock its 14th biggest position. Yorkville Advisors Global LP owned approximately 0.07% of Nomad Foods as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Investment Management Inc. acquired a new stake in shares of Nomad Foods in the third quarter valued at about $9,494,000. American Assets Inc. acquired a new stake in shares of Nomad Foods in the third quarter valued at about $526,000. Invenomic Capital Management LP increased its position in shares of Nomad Foods by 144.2% in the third quarter. Invenomic Capital Management LP now owns 952,268 shares of the company’s stock valued at $12,522,000 after acquiring an additional 562,304 shares during the last quarter. Doma Perpetual Capital Management LLC acquired a new stake in shares of Nomad Foods in the third quarter valued at about $2,164,000. Finally, Sound Income Strategies LLC increased its position in shares of Nomad Foods by 64.2% in the fourth quarter. Sound Income Strategies LLC now owns 334,277 shares of the company’s stock valued at $3,894,000 after acquiring an additional 130,637 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Transactions at Nomad Foods

In other news, CEO Dominic Brisby acquired 150,000 shares of Nomad Foods stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the completion of the acquisition, the chief executive officer directly owned 676,794 shares in the company, valued at approximately $6,625,813.26. The trade was a 28.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ian G. H. Ashken acquired 100,000 shares of Nomad Foods stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $9.13 per share, with a total value of $913,000.00. Following the acquisition, the director owned 116,916 shares of the company’s stock, valued at approximately $1,067,443.08. This trade represents a 591.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 264,731 shares of company stock worth $2,524,538 over the last quarter. Company insiders own 17.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays lowered their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings downgraded Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $10.00 price target (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Mizuho lowered their price target on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Nomad Foods presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $9.77 on Thursday. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33. The company has a market cap of $1.37 billion, a PE ratio of 9.48 and a beta of 0.70. The business’s 50 day moving average price is $9.79 and its two-hundred day moving average price is $11.18. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company had revenue of $827.87 million during the quarter, compared to analysts’ expectations of $804.00 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, analysts predict that Nomad Foods Limited will post 1.76 EPS for the current year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Tuesday, May 12th. Nomad Foods’s payout ratio is currently 66.02%.

Nomad Foods Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.