Nomad Foods Limited (NYSE:NOMD) Receives $19.75 Consensus PT from Analysts

Nomad Foods Limited (NYSE:NOMD) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.75.

Several equities research analysts have recently commented on the company. Barclays decreased their price objective on Nomad Foods from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Nomad Foods in a report on Saturday, September 27th. Mizuho decreased their price objective on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Finally, BTIG Research decreased their price objective on Nomad Foods from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 17th.

Institutional Investors Weigh In On Nomad Foods

Several institutional investors have recently bought and sold shares of NOMD. Boston Partners grew its holdings in Nomad Foods by 40.3% during the second quarter. Boston Partners now owns 14,323,433 shares of the company’s stock worth $243,276,000 after buying an additional 4,114,150 shares in the last quarter. Norges Bank bought a new stake in Nomad Foods during the second quarter worth $15,603,000. Qube Research & Technologies Ltd grew its holdings in Nomad Foods by 164.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,195,533 shares of the company’s stock worth $20,312,000 after buying an additional 742,813 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Nomad Foods by 46.2% during the first quarter. Ameriprise Financial Inc. now owns 1,851,199 shares of the company’s stock worth $36,376,000 after buying an additional 585,054 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Nomad Foods during the second quarter worth $8,617,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Down 1.0%

NYSE NOMD opened at $13.10 on Wednesday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 8.97 and a beta of 0.70. Nomad Foods has a 52 week low of $12.89 and a 52 week high of $20.81. The business has a 50 day moving average price of $14.86 and a 200-day moving average price of $17.07. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $879.27 million during the quarter, compared to the consensus estimate of $762.81 million. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. As a group, equities analysts expect that Nomad Foods will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, August 11th. This represents a $0.68 annualized dividend and a yield of 5.2%. Nomad Foods’s dividend payout ratio is 46.58%.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.