Nomad Foods Limited (NYSE:NOMD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Nomad Foods Limited (NYSE:NOMD) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.50.

Several research analysts have weighed in on the company. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. BTIG Research reiterated a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a research report on Wednesday, May 13th. Mizuho lowered 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. Barclays dropped their target price on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th.

Nomad Foods Price Performance

NYSE:NOMD opened at $10.44 on Thursday. The business’s 50-day simple moving average is $9.74 and its two-hundred day simple moving average is $11.29. Nomad Foods has a 52 week low of $8.99 and a 52 week high of $18.33. The stock has a market cap of $1.46 billion, a PE ratio of 10.13 and a beta of 0.69. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data 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. The firm had revenue of $827.87 million during the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, analysts forecast that Nomad Foods will post 1.76 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.5%. Nomad Foods’s dividend payout ratio (DPR) is presently 66.02%.

Insider Transactions at Nomad Foods

In other news, CFO Ruben Baldew purchased 14,731 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $9.71 per share, for a total transaction of $143,038.01. Following the acquisition, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at $3,290,544.22. This represents a 4.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dominic Brisby purchased 150,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the acquisition, the chief executive officer directly owned 676,794 shares in the company, valued at $6,625,813.26. This represents a 28.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 264,731 shares of company stock valued at $2,524,538. 17.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NOMD. Alliancebernstein L.P. increased its position in Nomad Foods by 0.4% in the second quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock worth $124,546,000 after purchasing an additional 27,177 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Nomad Foods by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company’s stock worth $29,063,000 after buying an additional 172,215 shares in the last quarter. Royce & Associates LP grew its stake in shares of Nomad Foods by 1.3% in the 4th quarter. Royce & Associates LP now owns 2,484,858 shares of the company’s stock worth $31,086,000 after buying an additional 33,052 shares in the last quarter. Ruffer LLP purchased a new stake in shares of Nomad Foods during the 4th quarter valued at about $26,823,000. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Nomad Foods by 2.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,856,727 shares of the company’s stock valued at $23,228,000 after acquiring an additional 48,060 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

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.