Nomad Foods (NYSE:NOMD) Stock Crosses Below 50 Day Moving Average – What’s Next?

Nomad Foods Limited (NYSE:NOMD)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.68 and traded as low as $11.59. Nomad Foods shares last traded at $11.6110, with a volume of 850,414 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a report on Friday, August 14th. 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. Barclays upped their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.25.

Nomad Foods Price Performance

The stock has a market cap of $1.63 billion, a P/E ratio of 11.42 and a beta of 0.69. The firm has a 50-day moving average price of $11.70 and a 200-day moving average price of $10.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.10.

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

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.8%. Nomad Foods’s dividend payout ratio is currently 66.67%.

Insider Activity

In other Nomad Foods news, CEO Dominic Brisby acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $12.38 per share, with a total value of $619,000.00. Following the completion of the purchase, the chief executive officer directly owned 726,794 shares of the company’s stock, valued at approximately $8,997,709.72. The trade was a 7.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ruben Baldew acquired 28,290 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $11.85 per share, for a total transaction of $335,236.50. Following the acquisition, the chief financial officer owned 367,172 shares of the company’s stock, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 17.27% of the stock is owned by company insiders.

Institutional Trading of Nomad Foods

A number of hedge funds have recently made changes to their positions in NOMD. Caitong International Asset Management Co. Ltd increased its position in Nomad Foods by 3,231.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock valued at $29,000 after buying an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Nomad Foods by 469.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after acquiring an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Nomad Foods in the third quarter worth $43,000. Osaic Holdings Inc. grew its stake in shares of Nomad Foods by 87.4% in the second 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 last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Nomad Foods by 219.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock valued at $75,000 after acquiring an additional 5,341 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

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.