Nomad Foods (NYSE:NOMD) Hits New 12-Month Low – What’s Next?

Shares of Nomad Foods Limited (NYSE:NOMD) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.17 and last traded at $9.1350, with a volume of 327681 shares trading hands. The stock had previously closed at $9.48.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Mizuho lowered their target price 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. Deutsche Bank Aktiengesellschaft reissued 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. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Three equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.50.

Nomad Foods Stock Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66. The stock has a 50-day moving average price of $9.74 and a 200-day moving average price of $11.33. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 9.49 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business had revenue of $827.87 million for the quarter, compared to analysts’ expectations of $804.00 million. During the same quarter in the prior year, the business earned $0.21 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, analysts forecast that Nomad Foods Limited will post 1.81 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders 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 yield of 7.0%. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Hedge Funds Weigh In On Nomad Foods

A number of large investors have recently made changes to their positions in the company. WealthCollab LLC lifted its holdings in 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 grew 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 buying an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Nomad Foods by 469.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after buying an additional 1,996 shares during the period. Johnson Financial Group Inc. bought a new position in Nomad Foods during the 3rd quarter worth $43,000. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of Nomad Foods during the third quarter worth $44,000. Institutional investors own 75.26% of the company’s stock.

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.