Nomad Foods Limited (NYSE:NOMD) Given Average Rating of “Hold” by Brokerages

Shares of Nomad Foods Limited (NYSE:NOMD) have earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.50.

A number of brokerages have recently issued reports on NOMD. Barclays reduced their target price on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research note on Wednesday, May 13th. Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th.

Insiders Place Their Bets

In related news, CFO Ruben Baldew acquired 14,731 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $9.71 per share, for a total transaction of $143,038.01. Following the purchase, the chief financial officer directly owned 338,882 shares in the company, valued at approximately $3,290,544.22. The trade was a 4.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dominic Brisby acquired 150,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $9.79 per share, with a total value 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. This represents a 28.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 264,731 shares of company stock worth $2,524,538 in the last 90 days. Company insiders own 17.27% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NOMD. Ruffer LLP bought a new position in Nomad Foods in the fourth quarter valued at approximately $26,823,000. Lombard Odier Asset Management Europe Ltd acquired a new position in Nomad Foods during the fourth quarter valued at approximately $11,147,000. T. Rowe Price Investment Management Inc. bought a new stake in Nomad Foods during the fourth quarter worth $10,979,000. Brigade Capital Management LP bought a new stake in Nomad Foods during the fourth quarter worth $10,946,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Nomad Foods in the 4th quarter valued at $9,722,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE:NOMD opened at $11.48 on Friday. The stock has a 50 day simple moving average of $10.10 and a 200 day simple moving average of $10.93. The stock has a market cap of $1.60 billion, a P/E ratio of 11.14 and a beta of 0.69. Nomad Foods has a 1-year low of $8.99 and a 1-year high of $18.33. The company has a current ratio of 1.06, a quick ratio of 0.66 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 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Research analysts anticipate that Nomad Foods will post 1.75 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 5.9%. Nomad Foods’s dividend payout ratio is currently 66.02%.

Nomad Foods Company 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.