Nomad Foods Limited (NYSE:NOMD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Nomad Foods Limited (NYSE:NOMD) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.25.

A number of equities research analysts recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays upped their target price on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research report on Tuesday, July 21st.

Nomad Foods Stock Performance

NYSE NOMD opened at $12.04 on Tuesday. The stock has a market capitalization of $1.68 billion, a PE ratio of 11.69 and a beta of 0.69. The business has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $10.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66. Nomad Foods has a 1-year low of $8.99 and a 1-year high of $17.30.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned $0.21 EPS. The company’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. On average, research analysts predict that Nomad Foods will post 1.75 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, August 11th. Nomad Foods’s dividend payout ratio (DPR) is presently 66.02%.

Insider Transactions at Nomad Foods

In related news, Director Ian G. H. Ashken bought 100,000 shares of the business’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 transaction, the director owned 116,916 shares in the company, valued at $1,067,443.08. This trade represents a 591.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ruben Baldew purchased 14,731 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $9.71 per share, for a total transaction of $143,038.01. Following the acquisition, the chief financial officer directly owned 338,882 shares in the company, valued at $3,290,544.22. This trade represents a 4.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 264,731 shares of company stock worth $2,524,538.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in shares of Nomad Foods during the 2nd quarter worth about $3,175,000. Alpine Woods Capital Investors LLC bought a new stake in Nomad Foods in the first quarter worth about $150,000. Flax Pond Capital LLC bought a new stake in Nomad Foods in the first quarter worth about $772,000. Bank of America Corp DE boosted its position in shares of Nomad Foods by 19.0% during the first quarter. Bank of America Corp DE now owns 1,569,765 shares of the company’s stock valued at $15,085,000 after buying an additional 251,148 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Nomad Foods by 219.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock valued at $75,000 after buying an additional 5,341 shares during the period. Hedge funds and other 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.