Nomad Foods (NYSE:NOMD) Hits New 12-Month Low – Should You Sell?

Nomad Foods Limited (NYSE:NOMD)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.17 and last traded at $9.1350, with a volume of 327681 shares traded. The stock had previously closed at $9.48.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NOMD shares. Weiss Ratings cut shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Mizuho cut their target price on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 price target (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Barclays decreased their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Finally, BTIG Research dropped their price target on shares of Nomad Foods from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Nomad Foods currently has an average rating of “Hold” and an average price target of $12.50.

Nomad Foods Stock Performance

The firm’s fifty day simple moving average is $9.83 and its 200 day simple moving average is $11.39. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.03 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) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, sell-side analysts forecast that Nomad Foods Limited will post 1.81 EPS for the current year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Hedge Funds Weigh In On Nomad Foods

Large investors have recently made changes to their positions in the business. WealthCollab LLC boosted its holdings in shares of 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 purchasing an additional 1,452 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Nomad Foods by 3,231.4% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Nomad Foods by 469.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after buying an additional 1,996 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Nomad Foods during the 3rd quarter valued at $43,000. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Nomad Foods in the third quarter worth $44,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

About Nomad Foods

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.