Nomad Foods Limited (NOMD) – What Are Researchers Saying About This Stock?

Nomad Foods Limited (NYSE:NOMD) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.50.

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 price objective on shares of Nomad Foods in a research report on Wednesday, October 7th. BTIG Research reiterated a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Thursday, October 8th. Finally, Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th.

Insider Activity at Nomad Foods

In other news, CFO Ruben Baldew purchased 28,290 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average cost of $11.85 per share, for a total transaction of $335,236.50. Following the completion of the transaction, the chief financial officer directly owned 367,172 shares of the company’s stock, valued at $4,350,988.20. This trade represents a 8.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dominic Brisby purchased 50,000 shares of Nomad Foods stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $12.38 per share, for a total transaction of $619,000.00. Following the completion of the purchase, the chief executive officer owned 726,794 shares of the company’s stock, valued at $8,997,709.72. This trade represents a 7.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 17.27% of the company’s stock.

Hedge Funds Weigh In On Nomad Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PYA Waltman Capital LLC increased its stake in shares of Nomad Foods by 58.8% in the 4th quarter. PYA Waltman Capital LLC now owns 433,979 shares of the company’s stock worth $5,429,000 after acquiring an additional 160,728 shares in the last quarter. Sei Investments Co. lifted its position in 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 acquiring an additional 211,183 shares during the period. Endure Capital Management LLC purchased a new position in Nomad Foods during the 1st quarter valued at about $4,236,000. Invenomic Capital Management LP lifted its position in Nomad Foods by 75.9% during the 4th quarter. Invenomic Capital Management LP now owns 1,675,263 shares of the company’s stock valued at $20,958,000 after acquiring an additional 722,995 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in Nomad Foods during the 1st quarter valued at about $3,029,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Up 1.4%

Shares of Nomad Foods stock opened at $11.47 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $11.27 and its two-hundred day simple moving average is $10.76. The company has a market cap of $1.60 billion, a P/E ratio of 6.32 and a beta of 0.75. Nomad Foods has a 12-month low of $8.99 and a 12-month high of $13.08.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The business had revenue of $825.94 million during the quarter, compared to analyst estimates of $825.02 million. During the same period in the prior year, the business earned $0.40 EPS. The company’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. Research analysts anticipate that Nomad Foods will post 1.62 EPS for the current year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Tuesday, August 11th. Nomad Foods’s dividend payout ratio (DPR) is presently 66.67%.

Nomad Foods Company Profile

Nomad Foods Ltd. is a European food company focused on frozen foods. Its portfolio includes frozen fish, vegetables, poultry, potato products, meals, and desserts sold through grocery retailers and other food channels.

The company markets products under several established brands, including Birds Eye in the United Kingdom and Ireland, iglo in Germany and other European markets, Findus in parts of continental Europe, Aunt Bessie’s in the United Kingdom, and Goodfella’s frozen pizza in selected markets.