Nomad Foods (NYSE:NOMD) CFO Ruben Baldew Purchases 14,731 Shares

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew purchased 14,731 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the completion of the acquisition, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at $3,290,544.22. This represents a 4.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Nomad Foods Stock Performance

NOMD stock traded up $0.43 during trading on Monday, hitting $10.23. 1,701,182 shares of the company’s stock traded hands, compared to its average volume of 1,752,973. 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 Limited has a 52 week low of $8.99 and a 52 week high of $18.33. The stock has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $11.32. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.93 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share 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 during the quarter, compared to analyst estimates of $804.00 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’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. As a group, equities analysts anticipate that Nomad Foods Limited will post 1.76 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 6.6%. Nomad Foods’s dividend payout ratio is currently 66.02%.

Hedge Funds Weigh In On Nomad Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. WealthCollab LLC grew its position in Nomad Foods by 242.0% in the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after buying an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in 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 acquiring an additional 2,262 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in 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 acquiring an additional 1,996 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Nomad Foods in the 3rd quarter valued at about $43,000. Finally, Mondrian Investment Partners LTD acquired a new stake in Nomad Foods in the 3rd quarter valued at about $44,000. Institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BTIG Research restated a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated 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. Barclays decreased 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. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Mizuho decreased their target price on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

About Nomad Foods

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.