CastleKnight Management LP Acquires 225,100 Shares of Nomad Foods Limited $NOMD

CastleKnight Management LP raised its holdings in Nomad Foods Limited (NYSE:NOMD) by 117.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416,000 shares of the company’s stock after purchasing an additional 225,100 shares during the period. CastleKnight Management LP’s holdings in Nomad Foods were worth $5,204,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. WealthCollab LLC boosted its holdings in Nomad Foods by 242.0% in the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after purchasing an additional 1,452 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Nomad Foods by 469.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after purchasing an additional 1,996 shares during the period. Johnson Financial Group Inc. bought a new stake in Nomad Foods in the 3rd quarter valued at about $43,000. Osaic Holdings Inc. boosted its holdings in Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after purchasing an additional 1,240 shares during the period. Finally, Leonteq Securities AG bought a new stake in Nomad Foods in the 4th quarter valued at about $88,000. Institutional investors own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

NOMD has been the subject of a number of recent research reports. Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays cut their price objective on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Weiss Ratings downgraded shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Mizuho dropped their target price on shares of 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, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

Nomad Foods Trading Down 1.6%

Shares of NOMD stock opened at $10.05 on Thursday. The stock’s fifty day moving average price is $9.89 and its two-hundred day moving average price is $11.04. The company has a market cap of $1.40 billion, a PE ratio of 9.76 and a beta of 0.70. Nomad Foods Limited has a fifty-two week low of $8.99 and a fifty-two week high of $18.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Equities analysts predict that Nomad Foods Limited will post 1.75 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

Insider Buying and Selling

In related news, CFO Ruben Baldew acquired 14,731 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $9.71 per share, with a total value of $143,038.01. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dominic Brisby acquired 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $9.79 per share, with a total value of $1,468,500.00. Following the purchase, the chief executive officer owned 676,794 shares in the company, valued at $6,625,813.26. The trade was a 28.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 264,731 shares of company stock worth $2,524,538 in the last three months. 17.27% of the stock is owned by corporate insiders.

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.