Nomad Foods (NYSE:NOMD) CEO Purchases $619,000.00 in Stock

Nomad Foods Limited (NYSE:NOMD) CEO Dominic Brisby purchased 50,000 shares of Nomad Foods stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $12.38 per share, with a total value of $619,000.00. Following the transaction, the chief executive officer owned 726,794 shares in the company, valued at approximately $8,997,709.72. The trade was a 7.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nomad Foods Stock Up 2.2%

Shares of NOMD traded up $0.26 during mid-day trading on Wednesday, hitting $12.15. 1,947,951 shares of the company’s stock were exchanged, compared to its average volume of 1,663,640. 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 52 week low of $8.99 and a 52 week high of $15.60. The company has a market cap of $1.70 billion, a PE ratio of 11.91 and a beta of 0.69. The company has a 50-day simple moving average of $11.48 and a 200 day simple moving average of $10.78.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $825.02 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, research analysts forecast that Nomad Foods Limited will post 1.69 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, August 11th. Nomad Foods’s payout ratio is presently 66.67%.

Hedge Funds Weigh In On Nomad Foods

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position 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 acquiring 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. Osaic Holdings Inc. raised its holdings in shares of 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 period. Johnson Financial Group Inc. acquired a new stake in Nomad Foods in the 3rd quarter valued at about $43,000. Finally, Leonteq Securities AG bought a new position in Nomad Foods during the fourth quarter worth about $88,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NOMD shares. Zacks Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Barclays upped their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price target on shares of Nomad Foods in a research report on Tuesday, July 21st. Finally, BTIG Research restated a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a research note on Friday, August 14th. Three 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.