Money Concepts Capital Corp Invests $2.35 Million in Nomad Foods Limited $NOMD

Money Concepts Capital Corp purchased a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 187,595 shares of the company’s stock, valued at approximately $2,347,000.

A number of other large investors also recently bought and sold shares of the business. Alliancebernstein L.P. lifted its position in Nomad Foods by 0.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after acquiring an additional 27,177 shares during the period. Polaris Capital Management LLC lifted its position in Nomad Foods by 138.8% during the 3rd quarter. Polaris Capital Management LLC now owns 3,441,900 shares of the company’s stock valued at $45,261,000 after acquiring an additional 2,000,400 shares during the period. Royce & Associates LP lifted its position in Nomad Foods by 45.4% during the 3rd quarter. Royce & Associates LP now owns 2,451,806 shares of the company’s stock valued at $32,241,000 after acquiring an additional 765,690 shares during the period. Ruffer LLP purchased a new position in Nomad Foods during the 4th quarter valued at about $26,823,000. Finally, Wellington Management Group LLP raised its position in shares of Nomad Foods by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock worth $22,534,000 after purchasing an additional 117,089 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NOMD has been the subject of several recent analyst reports. Barclays lowered their price target on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. BTIG Research lowered their price target on Nomad Foods from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Mizuho lowered their price target 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. Finally, Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Three 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 MarketBeat.com, Nomad Foods currently has an average rating of “Hold” and a consensus price target of $12.50.

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $9.22 on Wednesday. Nomad Foods Limited has a fifty-two week low of $9.10 and a fifty-two week high of $18.70. The business has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $11.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 8.95 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business had revenue of $827.87 million during the quarter, compared to analyst estimates of $804.00 million. During the same quarter in the previous year, the firm earned $0.21 EPS. Nomad Foods’s revenue was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, analysts expect that Nomad Foods Limited will post 1.81 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, May 12th. Nomad Foods’s payout ratio is currently 66.02%.

Nomad Foods Company Profile

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.