440,807 Shares in Nomad Foods Limited $NOMD Bought by Endure Capital Management LLC

Endure Capital Management LLC bought a new stake in shares of Nomad Foods Limited (NYSE:NOMD) in the first quarter, Holdings Channel reports. The fund bought 440,807 shares of the company’s stock, valued at approximately $4,236,000. Nomad Foods accounts for 2.9% of Endure Capital Management LLC’s holdings, making the stock its 7th largest position.

Several other hedge funds also recently added to or reduced their stakes in NOMD. Ruffer LLP acquired a new stake in Nomad Foods during the 4th quarter worth about $26,823,000. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Nomad Foods in the 4th quarter valued at about $11,147,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Nomad Foods in the 4th quarter valued at about $10,979,000. Brigade Capital Management LP purchased a new stake in shares of Nomad Foods in the fourth quarter worth about $10,946,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Nomad Foods in the fourth quarter worth about $9,722,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price objective on shares of Nomad Foods in a research report on Tuesday. Barclays raised their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Insider Transactions at Nomad Foods

In related news, Director Ian G. H. Ashken bought 100,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $9.13 per share, with a total value of $913,000.00. Following the completion of the purchase, the director directly owned 116,916 shares of the company’s stock, valued at approximately $1,067,443.08. This trade represents a 591.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ruben Baldew purchased 14,731 shares of Nomad Foods stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $9.71 per share, with a total value of $143,038.01. Following the transaction, the chief financial officer owned 338,882 shares in the company, valued at approximately $3,290,544.22. The trade was a 4.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 264,731 shares of company stock valued at $2,524,538 over the last 90 days. Corporate insiders own 17.27% of the company’s stock.

Nomad Foods Trading Up 0.8%

Shares of NYSE:NOMD opened at $11.74 on Friday. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $18.05. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.40 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. The business’s 50 day moving average price is $10.74 and its 200-day moving average price is $10.83.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $827.87 million during 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 firm earned $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, equities research analysts forecast that Nomad Foods Limited will post 1.75 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th were given a $0.17 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 5.8%. Nomad Foods’s dividend payout ratio (DPR) is 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.