80,300 Shares in Nomad Foods Limited $NOMD Acquired by Flax Pond Capital LLC

Flax Pond Capital LLC purchased a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 80,300 shares of the company’s stock, valued at approximately $772,000. Flax Pond Capital LLC owned 0.06% of Nomad Foods as of its most recent SEC filing.

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

Analysts Set New Price Targets

NOMD has been the topic of a number of research reports. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued 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. Finally, Barclays upped their price target on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Insider Activity

In other Nomad Foods news, CFO Ruben Baldew purchased 14,731 shares of Nomad Foods stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $9.71 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian G. H. Ashken purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $9.13 per share, for a total transaction of $913,000.00. Following the completion of the purchase, the director owned 116,916 shares of the company’s stock, valued at approximately $1,067,443.08. This represents a 591.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 264,731 shares of company stock valued at $2,524,538 in the last three months. 17.27% of the stock is currently owned by company insiders.

Nomad Foods Trading Down 2.0%

Shares of Nomad Foods stock opened at $12.43 on Friday. Nomad Foods Limited has a 52-week low of $8.99 and a 52-week high of $17.30. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The company’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $10.83. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 12.07 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, equities research analysts anticipate that Nomad Foods Limited will post 1.75 earnings per share for the current year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, August 11th. 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.