Nomad Foods (NYSE:NOMD) Stock: Insider Ruben Baldew Buys 8,379 Shares

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew purchased 8,379 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of $11.95 per share, with a total value of $100,129.05. Following the completion of the transaction, the chief financial officer directly owned 375,551 shares of the company’s stock, valued at $4,487,834.45. This represents a 2.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ruben Baldew also recently made the following trade(s):

• On Wednesday, August 19th, Ruben Baldew purchased 28,290 shares of Nomad Foods stock. The shares were purchased at an average price of $11.85 per share, with a total value of $335,236.50.

Nomad Foods Price Performance

NYSE NOMD traded up $0.29 during mid-day trading on Friday, hitting $11.95. The stock had a trading volume of 744,521 shares, compared to its average volume of 1,018,295. The firm’s 50 day moving average is $11.35 and its 200 day moving average is $11.01. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $13.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.11 and a quick ratio of 0.67. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.86 and a beta of 0.74.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data 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 return on equity of 8.63% and a net margin of 4.46%. The company had revenue of $825.94 million for the quarter, compared to analyst estimates of $825.02 million. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts forecast that Nomad Foods Limited will post 1.62 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, November 10th. Nomad Foods’s dividend payout ratio is 61.82%.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research report on Wednesday, November 4th. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a report on Thursday, November 5th. Deutsche Bank reissued a “hold” rating and issued a $12.00 target price on shares of Nomad Foods in a research note on Wednesday, October 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nomad Foods in a research note on Tuesday, September 29th. Finally, Barclays boosted 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. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nomad Foods presently has a consensus rating of “Hold” and a consensus target price of $13.80.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Nomad Foods by 29.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 532,129 shares of the company’s stock worth $5,497,000 after buying an additional 119,759 shares during the last quarter. Sei Investments Co. raised its position in shares of Nomad Foods by 68.6% during the 1st quarter. Sei Investments Co. now owns 518,813 shares of the company’s stock valued at $4,986,000 after buying an additional 211,183 shares during the period. Endure Capital Management LLC acquired a new position in Nomad Foods in the first quarter valued at approximately $4,236,000. Lazard Asset Management LLC acquired a new position in Nomad Foods in the first quarter valued at approximately $3,029,000. Finally, Renaissance Technologies LLC lifted its holdings in Nomad Foods by 6.0% in the first quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company’s stock valued at $29,063,000 after acquiring an additional 172,215 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

About Nomad Foods

Nomad Foods Limited is a frozen-food company focused on European markets. It sells products including frozen fish, vegetables, meals, and poultry under brands such as Birds Eye, iglo, Findus, and Aunt Bessie’s. The company was formed in 2014 and expanded through acquisitions, including the purchase of the Iglo Group in 2015. Its products are sold across multiple European countries through grocery retailers and other food channels.