Nomad Foods (NYSE:NOMD) CEO Dominic Brisby Buys 50,000 Shares of Stock

Nomad Foods Limited (NYSE:NOMD) CEO Dominic Brisby acquired 50,000 shares of Nomad Foods stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $12.38 per share, with a total value of $619,000.00. Following the transaction, the chief executive officer directly owned 726,794 shares in the company, valued at approximately $8,997,709.72. This trade represents a 7.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $12.15 on Thursday. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $15.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. The business’s fifty day moving average price is $11.52 and its two-hundred day moving average price is $10.78. The firm has a market capitalization of $1.70 billion, a PE ratio of 11.91 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The company had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, research analysts expect that Nomad Foods Limited will post 1.69 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.6%. Nomad Foods’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its holdings in Nomad Foods by 0.4% during the second quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock worth $124,546,000 after purchasing an additional 27,177 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Nomad Foods by 6.0% during the 1st quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company’s stock valued at $29,063,000 after purchasing an additional 172,215 shares in the last quarter. Royce & Associates LP increased its position in shares of Nomad Foods by 1.3% during the 4th quarter. Royce & Associates LP now owns 2,484,858 shares of the company’s stock valued at $31,086,000 after purchasing an additional 33,052 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Nomad Foods by 2.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,856,727 shares of the company’s stock valued at $23,228,000 after purchasing an additional 48,060 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Nomad Foods by 7.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,782,238 shares of the company’s stock valued at $17,127,000 after purchasing an additional 116,647 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Barclays raised their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Finally, BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a research note on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Nomad Foods presently has a consensus rating of “Hold” and an average price target of $13.25.

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.