Key Points
- Nomad Foods CFO Ruben Baldew purchased 28,290 shares at an average price of $11.85, investing $335,236.50 and increasing his company holdings by 8.35% to 367,172 shares.
- The company’s latest quarterly results exceeded expectations, with EPS of $0.45 versus the $0.37 consensus and revenue of $825.94 million. However, revenue declined 3.1% year over year.
- Nomad Foods declared a quarterly dividend of $0.17 per share, equating to a 5.7% yield, while analysts maintained a consensus “Hold” rating and a $13.25 target price.
Nomad Foods Limited (NYSE:NOMD - Get Free Report) CFO Ruben Baldew purchased 28,290 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of $11.85 per share, with a total value of $335,236.50. Following the acquisition, the chief financial officer owned 367,172 shares in the company, valued at $4,350,988.20. This represents a 8.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Nomad Foods Stock Up 2.0%
NOMD stock opened at $11.84 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 11.61 and a beta of 0.69. The firm has a 50-day simple moving average of $11.41 and a 200-day simple moving average of $10.81. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. Nomad Foods Limited has a 52 week low of $8.99 and a 52 week high of $15.91.
Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The firm had revenue of $825.94 million for the quarter, compared to analyst estimates of $825.02 million. During the same period last year, the company posted $0.40 EPS. Nomad Foods's quarterly 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. Equities analysts forecast that Nomad Foods Limited will post 1.69 earnings per share for the current fiscal year.
Nomad Foods Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, August 11th. Nomad Foods's dividend payout ratio (DPR) is 66.67%.
Analysts Set New Price Targets
Several research firms recently commented on NOMD. Weiss Ratings raised Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 2nd. BTIG Research reaffirmed a "buy" rating and set a $15.00 target price on shares of Nomad Foods in a report on Friday, August 14th. Zacks Research downgraded shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $11.00 price objective on shares of Nomad Foods in a research note on Tuesday, July 21st. Finally, Barclays raised their target price 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. Three research 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.25.
Check Out Our Latest Stock Report on Nomad Foods
Hedge Funds Weigh In On Nomad Foods
Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of Nomad Foods by 0.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company's stock valued at $124,546,000 after buying an additional 27,177 shares during the period. Renaissance Technologies LLC lifted its holdings in Nomad Foods by 6.0% in the first quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company's stock valued at $29,063,000 after acquiring an additional 172,215 shares during the last quarter. Royce & Associates LP grew its position in Nomad Foods by 1.3% in the fourth quarter. Royce & Associates LP now owns 2,484,858 shares of the company's stock worth $31,086,000 after acquiring an additional 33,052 shares during the period. Loomis Sayles & Co. L P grew its position in Nomad Foods by 2.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,856,727 shares of the company's stock worth $23,228,000 after acquiring an additional 48,060 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Nomad Foods by 7.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,782,238 shares of the company's stock worth $17,127,000 after acquiring an additional 116,647 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.
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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