Nomad Foods (NYSE:NOMD) CFO Ruben Baldew Buys 28,290 Shares

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew acquired 28,290 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of $11.85 per share, with a total value of $335,236.50. Following the completion of the purchase, the chief financial officer owned 367,172 shares of the company’s stock, valued at $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nomad Foods Stock Up 2.0%

Shares of Nomad Foods stock opened at $11.84 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $15.91. The firm’s 50-day moving average is $11.41 and its two-hundred day moving average is $10.81. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 11.61 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The business had revenue of $825.94 million during the quarter, compared to analyst estimates of $825.02 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, research analysts expect that Nomad Foods Limited will post 1.69 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Nomad Foods’s payout ratio is presently 66.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Nomad Foods during the 4th quarter valued at about $955,000. PYA Waltman Capital LLC raised its holdings in Nomad Foods by 58.8% in the 4th quarter. PYA Waltman Capital LLC now owns 433,979 shares of the company’s stock worth $5,429,000 after purchasing an additional 160,728 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in Nomad Foods during the fourth quarter worth approximately $2,102,000. UBS Group AG boosted its position in Nomad Foods by 136.3% during the fourth quarter. UBS Group AG now owns 384,332 shares of the company’s stock worth $4,808,000 after purchasing an additional 221,716 shares in the last quarter. Finally, Endure Capital Management LLC acquired a new stake in Nomad Foods in the first quarter valued at approximately $4,236,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Barclays raised their price target on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. BTIG Research reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Nomad Foods in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Nomad Foods presently has an average rating of “Hold” and an average price target of $13.25.

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.