Nomad Foods Limited $NOMD Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,024,282 shares of the company’s stock after acquiring an additional 172,215 shares during the period. Renaissance Technologies LLC’s holdings in Nomad Foods were worth $29,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tidal Investments LLC raised its stake in shares of Nomad Foods by 1.9% during the second quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock worth $646,000 after purchasing an additional 726 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Nomad Foods by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock worth $4,564,000 after acquiring an additional 1,044 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after acquiring an additional 1,240 shares during the period. WealthCollab LLC boosted its holdings in shares of Nomad Foods by 242.0% in the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after acquiring an additional 1,452 shares in the last quarter. Finally, Nebula Research & Development LLC increased its stake in shares of Nomad Foods by 4.4% during the second quarter. Nebula Research & Development LLC now owns 35,152 shares of the company’s stock worth $597,000 after acquiring an additional 1,481 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOMD has been the subject of a number of recent analyst reports. BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 target price on shares of Nomad Foods in a research note on Tuesday, July 21st. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Barclays lifted their price target on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Nomad Foods Price Performance

NOMD stock opened at $12.22 on Wednesday. The stock has a 50-day moving average price of $10.81 and a two-hundred day moving average price of $10.82. The company has a market cap of $1.71 billion, a PE ratio of 11.87 and a beta of 0.69. Nomad Foods Limited has a 12-month low of $8.99 and a 12-month high of $17.71. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $827.87 million for the quarter, compared to analysts’ expectations of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, research analysts predict that Nomad Foods Limited will post 1.75 EPS for the current year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Insiders Place Their Bets

In other Nomad Foods news, CFO Ruben Baldew bought 14,731 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $9.71 per share, with a total value of $143,038.01. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dominic Brisby bought 150,000 shares of Nomad Foods stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the completion of the purchase, the chief executive officer owned 676,794 shares in the company, valued at approximately $6,625,813.26. The trade was a 28.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 264,731 shares of company stock worth $2,524,538 in the last three months.

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.