Ruben Baldew Purchases 14,731 Shares of Nomad Foods (NYSE:NOMD) Stock

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew bought 14,731 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the completion of the transaction, the chief financial officer directly owned 338,882 shares in the company, valued at approximately $3,290,544.22. This trade represents a 4.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nomad Foods Stock Up 0.6%

Shares of NYSE NOMD opened at $10.31 on Wednesday. Nomad Foods Limited has a 12-month low of $8.99 and a 12-month high of $18.33. The company has a market cap of $1.44 billion, a P/E ratio of 10.00 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average price of $9.73 and a 200 day moving average price of $11.30.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $827.87 million during the quarter, compared to the consensus estimate of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Research analysts anticipate that Nomad Foods Limited will post 1.76 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 6.6%. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NOMD shares. Barclays cut their target price on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Mizuho cut their target price on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

Institutional Investors Weigh In On Nomad Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WealthCollab LLC raised its holdings in 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Nomad Foods by 3,231.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after purchasing an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Nomad Foods by 469.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after purchasing an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Nomad Foods during the third quarter worth approximately $43,000. Finally, Mondrian Investment Partners LTD acquired a new position in Nomad Foods in the third quarter worth approximately $44,000. Institutional investors own 75.26% of the company’s stock.

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.