Key Points
- CEO Dominic Brisby bought 50,000 Nomad Foods shares at an average price of $12.38, investing $619,000 and increasing his direct stake by 7.39% to 726,794 shares.
- Nomad Foods reported quarterly EPS of $0.45, beating analyst expectations of $0.37, while revenue reached $825.94 million but declined 3.1% year over year.
- The company declared a quarterly dividend of $0.17, or $0.68 annualized, representing a 5.6% yield; analysts’ average rating remains “Hold” with a $13.25 price target.
Nomad Foods Limited (NYSE:NOMD - Get Free Report) CEO Dominic Brisby purchased 50,000 shares of the business's stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $12.38 per share, with a total value of $619,000.00. Following the completion of the acquisition, the chief executive officer directly owned 726,794 shares in the company, valued at $8,997,709.72. The trade was a 7.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nomad Foods Stock Up 2.2%
NYSE NOMD opened at $12.15 on Thursday. Nomad Foods Limited has a 12 month low of $8.99 and a 12 month high of $15.60. The company has a market capitalization of $1.70 billion, a P/E ratio of 11.91 and a beta of 0.69. The company's 50 day simple moving average is $11.52 and its 200 day simple moving average is $10.78. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66.
Nomad Foods (NYSE:NOMD - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.08. The firm had revenue of $825.94 million during the quarter, compared to analysts' expectations of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Equities research analysts expect that Nomad Foods Limited will post 1.69 earnings per share for the current fiscal year.
Nomad Foods Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, August 11th. Nomad Foods's payout ratio is presently 66.67%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on NOMD. BTIG Research reissued a "buy" rating and issued a $15.00 price target on shares of Nomad Foods in a research note on Friday, August 14th. Weiss Ratings raised shares of Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 2nd. 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 report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $11.00 price target on shares of Nomad Foods in a report on Tuesday, July 21st. Finally, Zacks Research downgraded shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.25.
Get Our Latest Report on NOMD
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Nomad Foods in the 2nd quarter worth about $411,000. Ancora Advisors LLC purchased a new position in Nomad Foods during the 2nd quarter valued at about $6,465,000. Assenagon Asset Management S.A. purchased a new position in Nomad Foods during the 2nd quarter valued at about $3,175,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Nomad Foods in the 1st quarter valued at about $150,000. Finally, Flax Pond Capital LLC acquired a new position in shares of Nomad Foods in the 1st quarter valued at about $772,000. 75.26% of the stock is 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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