Analysts Set Nomad Foods Limited (NYSE:NOMD) PT at $13.25

Shares of Nomad Foods Limited (NYSE:NOMD) have been assigned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.25.

Several brokerages have recently commented on NOMD. BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Friday, August 14th. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Barclays lifted their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Zacks Research cut Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st.

Insider Buying and Selling at Nomad Foods

In related news, CEO Dominic Brisby bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $12.38 per share, for a total transaction of $619,000.00. Following the completion of the transaction, the chief executive officer owned 726,794 shares in the company, valued at $8,997,709.72. The trade was a 7.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ruben Baldew bought 28,290 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought 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 directly owned 367,172 shares of the company’s stock, valued at $4,350,988.20. This represents a 8.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 17.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nomad Foods

Several institutional investors have recently added to or reduced their stakes in NOMD. Entropy Technologies LP increased its stake in Nomad Foods by 1.7% in the 1st quarter. Entropy Technologies LP now owns 71,479 shares of the company’s stock worth $687,000 after acquiring an additional 1,188 shares during the last quarter. DGS Capital Management LLC boosted its position in shares of Nomad Foods by 17.8% during the 4th quarter. DGS Capital Management LLC now owns 14,839 shares of the company’s stock valued at $186,000 after acquiring an additional 2,243 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Nomad Foods by 3,231.4% during 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. R Squared Ltd boosted its position in shares of Nomad Foods by 7.4% during the 1st quarter. R Squared Ltd now owns 33,400 shares of the company’s stock valued at $321,000 after acquiring an additional 2,296 shares during the last quarter. Finally, Factorial Partners LLC grew its holdings in shares of Nomad Foods by 2.8% in the fourth quarter. Factorial Partners LLC now owns 165,575 shares of the company’s stock valued at $2,071,000 after purchasing an additional 4,475 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Down 0.7%

Shares of NOMD stock opened at $10.66 on Wednesday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 10.45 and a beta of 0.69. Nomad Foods has a one year low of $8.99 and a one year high of $13.79. The company’s fifty day moving average price is $11.65 and its 200-day moving average price is $10.64. 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 (NYSE:NOMD) last released its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, beating 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 company had revenue of $825.94 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same quarter in the previous year, the company earned $0.40 EPS. Nomad Foods’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. Sell-side analysts expect that Nomad Foods will post 1.63 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, August 11th. Nomad Foods’s payout ratio is 66.67%.

About Nomad Foods

Nomad Foods is a European food company focused on the frozen-food market. Its portfolio includes frozen fish, vegetables, meals, poultry products, potato products and ice cream, which it sells through retail and foodservice channels.

The company’s principal brands include Birds Eye in the United Kingdom and other markets, Findus in several European countries, and iglo in Germany, Austria and other parts of continental Europe. Its portfolio also includes Aunt Bessie’s and Goodfella’s, among other regional brands.

Nomad Foods was formed in 2014 and acquired the Iglo Group, including the Birds Eye, Findus and iglo businesses, in 2015.