Lombard Odier Asset Management Europe Ltd Sells 556,682 Shares of Nomad Foods Limited $NOMD

Lombard Odier Asset Management Europe Ltd reduced its position in shares of Nomad Foods Limited (NYSE:NOMD) by 62.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 334,349 shares of the company’s stock after selling 556,682 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Nomad Foods were worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NOMD. WealthCollab LLC increased its stake in shares of Nomad Foods by 242.0% during the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after purchasing an additional 1,452 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nomad Foods by 3,231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock valued at $29,000 after purchasing an additional 2,262 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Nomad Foods by 469.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after purchasing an additional 1,996 shares during the period. Johnson Financial Group Inc. acquired a new stake in Nomad Foods in the 3rd quarter valued at about $43,000. Finally, Osaic Holdings Inc. lifted its stake in Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE NOMD opened at $11.74 on Friday. The firm has a 50-day moving average of $10.74 and a 200-day moving average of $10.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. The stock has a market cap of $1.64 billion, a PE ratio of 11.40 and a beta of 0.69. Nomad Foods Limited has a 52-week low of $8.99 and a 52-week high of $18.05.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The business had revenue of $827.87 million during the quarter, compared to the consensus estimate of $804.00 million. During the same quarter in the previous year, the firm posted $0.21 EPS. Nomad Foods’s revenue was down 5.9% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, sell-side analysts anticipate that Nomad Foods Limited will post 1.75 EPS for the current year.

Nomad Foods Announces Dividend

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 5.8%. The ex-dividend date was Tuesday, May 12th. Nomad Foods’s payout ratio is currently 66.02%.

Analysts Set New Price Targets

NOMD has been the topic of a number of recent analyst reports. Barclays boosted their price target on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 target price on shares of Nomad Foods in a research note on Tuesday. Finally, BTIG Research reissued a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Nomad Foods has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Insider Transactions at Nomad Foods

In other news, Director Ian G. H. Ashken purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $9.13 per share, with a total value of $913,000.00. Following the acquisition, the director owned 116,916 shares in the company, valued at approximately $1,067,443.08. This trade represents a 591.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dominic Brisby purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased 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 owned 676,794 shares in the company, valued at $6,625,813.26. The trade was a 28.47% increase in their position. 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.

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.