Nomad Foods Limited (NYSE:NOMD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Nomad Foods Limited (NYSE:NOMD) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.25.

Several equities research analysts have recently weighed in on NOMD shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Nomad Foods in a report on Tuesday, July 21st. BTIG Research reiterated a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. 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. Finally, 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 report on Monday, July 20th.

Insider Buying and Selling

In related news, CEO Dominic Brisby purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the transaction, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. The trade was a 28.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ian G. H. Ashken acquired 100,000 shares of Nomad Foods stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $9.13 per share, with a total value of $913,000.00. Following the completion of the purchase, the director owned 116,916 shares in the company, valued at $1,067,443.08. The trade was a 591.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 264,731 shares of company stock valued at $2,524,538 over the last quarter. 17.27% of the stock is currently owned by insiders.

Institutional Trading of Nomad Foods

A number of hedge funds have recently added to or reduced their stakes in NOMD. WealthCollab LLC grew its stake in shares of 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 last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of 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 during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Nomad Foods by 87.4% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after purchasing an additional 1,240 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods during the third quarter worth $43,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Stock Up 1.8%

Shares of NYSE NOMD opened at $11.93 on Tuesday. The business has a 50-day moving average price of $10.77 and a 200 day moving average price of $10.82. The stock has a market cap of $1.67 billion, a PE ratio of 11.58 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 has a 52-week low of $8.99 and a 52-week high of $17.85.

Nomad Foods (NYSE:NOMD) last released 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 for 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 firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Equities research analysts forecast that Nomad Foods will post 1.75 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. Nomad Foods’s dividend payout ratio is 66.02%.

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.