Key Points
- CFO Ruben Baldew bought 14,731 shares of Nomad Foods at $9.71 each, spending about $143,038 and increasing his position by 4.54% to 338,882 shares.
- Nomad Foods recently beat quarterly earnings and revenue expectations, reporting EPS of $0.27 versus $0.21 expected and revenue of $827.87 million versus $804 million expected, though 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 6.6%, while analysts currently rate the stock a Moderate Buy with a consensus price target of $12.50.
Nomad Foods Limited (NYSE:NOMD - Get Free Report) CFO Ruben Baldew purchased 14,731 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the acquisition, the chief financial officer owned 338,882 shares of the company's stock, valued at approximately $3,290,544.22. The trade was a 4.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Nomad Foods Stock Performance
NOMD opened at $10.23 on Tuesday. The business's 50 day moving average is $9.73 and its 200-day moving average is $11.31. The stock has a market cap of $1.43 billion, a PE ratio of 9.93 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33.
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. The company had revenue of $827.87 million for the quarter, compared to analysts' expectations of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, analysts predict that Nomad Foods Limited will post 1.76 earnings per share for the current year.
Nomad Foods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders 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 dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, May 12th. Nomad Foods's payout ratio is 66.02%.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. BTIG Research reiterated a "buy" rating and set a $15.00 price objective 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 research note on Wednesday, May 13th. Barclays lowered their price objective on shares of Nomad Foods from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 14th. Finally, Mizuho lowered their price objective on shares of Nomad Foods from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Nomad Foods presently has an average rating of "Moderate Buy" and a consensus price target of $12.50.
Get Our Latest Stock Analysis on Nomad Foods
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. WealthCollab LLC grew its position in Nomad Foods by 242.0% in the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company's stock worth $26,000 after buying an additional 1,452 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Nomad Foods by 3,231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company's stock worth $29,000 after buying an additional 2,262 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Nomad Foods by 469.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company's stock worth $30,000 after buying an additional 1,996 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Nomad Foods in the third quarter worth approximately $43,000. Finally, Mondrian Investment Partners LTD acquired a new position in Nomad Foods in the third quarter worth approximately $44,000. Institutional investors and hedge funds own 75.26% of the company's stock.
About Nomad Foods
(
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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