Ian Ashken Buys 100,000 Shares of Nomad Foods (NYSE:NOMD) Stock

Nomad Foods Limited (NYSE:NOMD) Director Ian Ashken acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $9.13 per share, for a total transaction 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 represents a 591.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nomad Foods Stock Down 0.1%

Shares of NOMD traded down $0.01 during mid-day trading on Friday, hitting $9.78. 1,813,433 shares of the company traded hands, compared to its average volume of 1,753,698. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $18.33. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.39 billion, a PE ratio of 9.50 and a beta of 0.69. The business has a 50 day moving average of $9.74 and a 200 day moving average of $11.33.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $827.87 million for the quarter, compared to the consensus estimate of $804.00 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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. Equities research analysts anticipate that Nomad Foods Limited will post 1.81 EPS for the current year.

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.0%. The ex-dividend date is Tuesday, May 12th. Nomad Foods’s dividend payout ratio is 66.02%.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds have recently bought and sold shares of NOMD. Royal Bank of Canada boosted its position in Nomad Foods by 9.2% in the 1st quarter. Royal Bank of Canada now owns 143,968 shares of the company’s stock worth $2,829,000 after purchasing an additional 12,131 shares in the last quarter. Millennium Management LLC boosted its position in Nomad Foods by 81.3% in the 1st quarter. Millennium Management LLC now owns 656,686 shares of the company’s stock worth $12,904,000 after purchasing an additional 294,386 shares in the last quarter. Jane Street Group LLC boosted its position in Nomad Foods by 50.2% in the 1st quarter. Jane Street Group LLC now owns 75,847 shares of the company’s stock worth $1,490,000 after purchasing an additional 25,358 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Nomad Foods in the 2nd quarter worth approximately $221,000. Finally, JPMorgan Chase & Co. boosted its position in Nomad Foods by 427.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 105,871 shares of the company’s stock worth $1,799,000 after purchasing an additional 85,793 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NOMD. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Barclays lowered their price objective 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. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Mizuho lowered their price objective 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 analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.50.

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.