Nomad Foods Limited (NYSE:NOMD - Get Free Report) CFO Ruben Baldew purchased 8,379 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of $11.95 per share, for a total transaction of $100,129.05. Following the completion of the purchase, the chief financial officer directly owned 375,551 shares of the company's stock, valued at approximately $4,487,834.45. This trade represents a 2.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Ruben Baldew also recently made the following trade(s):
- On Wednesday, August 19th, Ruben Baldew purchased 28,290 shares of Nomad Foods stock. The stock was purchased at an average cost of $11.85 per share, with a total value of $335,236.50.
Nomad Foods Price Performance
Shares of NOMD stock opened at $11.67 on Friday. The stock has a 50 day moving average of $11.35 and a two-hundred day moving average of $11.02. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 0.88. Nomad Foods Limited has a 12 month low of $8.99 and a 12 month high of $13.08. The company has a market capitalization of $1.63 billion, a P/E ratio of 6.62 and a beta of 0.74.
Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. The business had revenue of $825.94 million for the quarter, compared to analysts' expectations of $825.02 million. Nomad Foods had a return on equity of 8.63% and a net margin of 4.46%. Nomad Foods's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, equities analysts expect that Nomad Foods Limited will post 1.62 EPS for the current year.
Nomad Foods Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Tuesday, November 10th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, November 10th. Nomad Foods's dividend payout ratio (DPR) is 61.82%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on NOMD shares. BTIG Research reissued a "buy" rating and issued a $15.00 price target on shares of Nomad Foods in a report on Thursday, November 5th. Deutsche Bank reaffirmed a "hold" rating and set a $12.00 price objective on shares of Nomad Foods in a report on Wednesday, October 7th. Barclays lifted their target price on shares of Nomad Foods from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Zacks Research cut shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a research note on Monday, August 17th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Nomad Foods in a research report on Tuesday, September 29th. Four equities 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.80.
Check Out Our Latest Research Report on NOMD
Institutional Trading of Nomad Foods
Several institutional investors have recently bought and sold shares of the stock. Royce & Associates LP lifted its holdings in Nomad Foods by 5.2% during the 3rd quarter. Royce & Associates LP now owns 3,492,959 shares of the company's stock valued at $36,082,000 after purchasing an additional 171,128 shares during the last quarter. Renaissance Technologies LLC raised its position in Nomad Foods by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company's stock valued at $29,063,000 after purchasing an additional 172,215 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Nomad Foods by 7.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,782,238 shares of the company's stock valued at $17,127,000 after purchasing an additional 116,647 shares during the last quarter. Systematic Financial Management LP boosted its stake in Nomad Foods by 7.8% in the first quarter. Systematic Financial Management LP now owns 1,728,211 shares of the company's stock worth $16,608,000 after purchasing an additional 124,389 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in Nomad Foods by 21.7% in the third quarter. Congress Asset Management Co. now owns 1,531,380 shares of the company's stock worth $15,819,000 after purchasing an additional 272,805 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.
Nomad Foods Company Profile
(
Get Free Report)
Nomad Foods Limited is a frozen-food company focused on European markets. It sells products including frozen fish, vegetables, meals, and poultry under brands such as Birds Eye, iglo, Findus, and Aunt Bessie's. The company was formed in 2014 and expanded through acquisitions, including the purchase of the Iglo Group in 2015. Its products are sold across multiple European countries through grocery retailers and other food channels.
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