Nomad Foods Limited (NOMD) To Go Ex-Dividend on August 11th

Nomad Foods Limited (NYSE:NOMD) declared a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.17 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

Nomad Foods has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nomad Foods to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.2%.

Nomad Foods Stock Performance

Nomad Foods stock opened at $11.99 on Friday. 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 $1.68 billion, a PE ratio of 11.64 and a beta of 0.69. The firm has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $10.84. Nomad Foods has a twelve month low of $8.99 and a twelve month high of $16.29.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million for the quarter, compared to analysts’ expectations of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Research analysts expect that Nomad Foods will post 1.75 EPS for the current year.

Insider Activity

In other news, CFO Ruben Baldew acquired 14,731 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $9.71 per share, with a total value of $143,038.01. Following the completion of the purchase, the chief financial officer owned 338,882 shares in the company, valued at approximately $3,290,544.22. The trade was a 4.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken bought 100,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $9.13 per share, with a total value of $913,000.00. Following the completion of the acquisition, the director owned 116,916 shares of the company’s stock, valued at $1,067,443.08. This trade represents a 591.16% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 264,731 shares of company stock valued at $2,524,538. Insiders own 17.27% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NOMD. WealthCollab LLC increased its stake in shares of Nomad Foods by 242.0% during the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after buying an additional 1,452 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Nomad Foods by 3,231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after acquiring an additional 2,262 shares during the period. SBI Securities Co. Ltd. lifted its stake in Nomad Foods by 469.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after acquiring an additional 1,996 shares during the period. Osaic Holdings Inc. boosted its holdings in Nomad Foods by 87.4% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Nomad Foods in the third quarter valued at $43,000. 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.