Key Points
- Director Ian Ashken bought 100,000 shares of Nomad Foods at an average price of $9.13, boosting his direct holdings by 591% to 116,916 shares. The purchase was disclosed in an SEC filing.
- Nomad Foods reported better-than-expected quarterly earnings, posting $0.27 EPS versus analyst estimates of $0.21 and revenue of $827.87 million versus expectations of $804 million. However, revenue still fell 5.9% year over year.
- The company declared a quarterly dividend of $0.17 per share, equal to an annualized yield of about 7.0%. Analysts currently have a consensus rating of Moderate Buy with an average price target of $12.50.
Nomad Foods Limited (NYSE:NOMD - Get Free Report) Director Ian Ashken purchased 100,000 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $9.13 per share, with a total value of $913,000.00. Following the completion of the acquisition, the director directly owned 116,916 shares in the company, valued at approximately $1,067,443.08. This represents a 591.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nomad Foods Trading Down 0.1%
NOMD stock opened at $9.78 on Friday. The business has a fifty day moving average price of $9.73 and a 200 day moving average price of $11.32. Nomad Foods Limited has a fifty-two week low of $8.99 and a fifty-two week high of $18.33. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.50 and a beta of 0.69. 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 (NYSE:NOMD - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The firm had revenue of $827.87 million during the quarter, compared to analysts' expectations of $804.00 million. During the same period last year, the firm posted $0.21 EPS. The business's revenue was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Analysts expect that Nomad Foods Limited will post 1.76 EPS for the current fiscal year.
Nomad Foods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Tuesday, May 12th. Nomad Foods's dividend payout ratio (DPR) is currently 66.02%.
Wall Street Analysts Forecast Growth
NOMD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Weiss Ratings upgraded Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. Zacks Research upgraded Nomad Foods from a "strong sell" rating to a "hold" rating in a research report on Wednesday. BTIG Research reiterated a "buy" rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Wednesday. Finally, Mizuho reduced their price target on Nomad Foods from $15.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.50.
Get Our Latest Research Report on Nomad Foods
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC lifted its holdings in Nomad Foods by 242.0% during the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company's stock worth $26,000 after acquiring an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Nomad Foods by 3,231.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company's stock worth $29,000 after acquiring an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Nomad Foods by 469.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company's stock worth $30,000 after acquiring an additional 1,996 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Nomad Foods by 87.4% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company's stock worth $45,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Nomad Foods during the third quarter worth about $43,000. 75.26% of the stock is currently owned by institutional investors.
Nomad Foods Company Profile
(
Get Free Report)
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.
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