Nomad Foods Limited $NOMD Stock: Robeco Institutional Asset Management B.V. Grows Position

Robeco Institutional Asset Management B.V. raised its stake in Nomad Foods Limited (NYSE:NOMD) by 29.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 532,129 shares of the company’s stock after acquiring an additional 119,759 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nomad Foods were worth $5,497,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NOMD. Ancora Advisors LLC purchased a new stake in Nomad Foods in the 2nd quarter worth approximately $6,465,000. Endure Capital Management LLC bought a new stake in Nomad Foods during the first quarter worth about $4,236,000. Sound Income Strategies LLC grew its stake in shares of Nomad Foods by 102.3% in the 1st quarter. Sound Income Strategies LLC now owns 676,241 shares of the company’s stock worth $6,472,000 after buying an additional 341,964 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Nomad Foods during the first quarter valued at $3,029,000. Finally, Assenagon Asset Management S.A. bought a new stake in Nomad Foods in the second quarter worth $3,175,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Stock Performance

NOMD opened at $12.02 on Friday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.78 and a beta of 0.75. The company has a fifty day moving average of $11.30 and a 200 day moving average of $10.85. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.10. Nomad Foods Limited has a fifty-two week low of $8.99 and a fifty-two week high of $13.08.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%. The firm had revenue of $825.94 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, sell-side 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 was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were issued a $0.17 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. Nomad Foods’s payout ratio is 66.67%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on NOMD shares. Barclays raised their price target on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $12.00 price target on shares of Nomad Foods in a research note on Wednesday, October 7th. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Thursday, October 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Nomad Foods in a research note on Tuesday, September 29th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Nomad Foods presently has an average rating of “Hold” and an average target price of $13.50.

Nomad Foods Company Profile

Nomad Foods is a frozen-food company focused on the European market. The company sells branded frozen meals and ingredients, including frozen fish, vegetables, poultry, potato products, pizza and plant-based foods. Its products are distributed through grocery retailers and other food channels across multiple European countries.

Nomad Foods’ portfolio includes well-known brands such as Birds Eye, Findus, iglo, Goodfella’s, Aunt Bessie’s and Green Cuisine. The brands offer products ranging from fish fingers, frozen vegetables and ready meals to frozen pizza, potato specialties and meat-free alternatives.

The company was formed in 2014 following the acquisition of the Iglo Group and expanded through subsequent acquisitions, including Findus operations in several European markets, Goodfella’s in 2018 and Aunt Bessie’s in 2020.