Brokerages Set Nomad Foods Limited (NYSE:NOMD) PT at $12.50

Shares of Nomad Foods Limited (NYSE:NOMD) have received an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.50.

A number of brokerages have recently weighed in on NOMD. Weiss Ratings lowered shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Mizuho reduced their price objective on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Barclays reduced their price objective on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a report on Wednesday, May 13th.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $9.13 per share, for a total transaction of $913,000.00. Following the purchase, the director directly owned 116,916 shares of the company’s stock, valued at $1,067,443.08. The trade was a 591.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dominic Brisby purchased 150,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the completion of the purchase, the chief executive officer directly owned 676,794 shares in the company, valued at $6,625,813.26. This represents a 28.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 264,731 shares of company stock worth $2,524,538 in the last ninety days. 17.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC raised its stake in Nomad Foods by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock worth $646,000 after acquiring an additional 726 shares in the last quarter. California Public Employees Retirement System raised its stake in Nomad Foods by 0.4% during 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 in the last quarter. Entropy Technologies LP grew its position in Nomad Foods by 1.7% during the 1st quarter. Entropy Technologies LP now owns 71,479 shares of the company’s stock worth $687,000 after purchasing an additional 1,188 shares during the last quarter. Osaic Holdings Inc. grew its position in Nomad Foods by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after purchasing an additional 1,240 shares during the last quarter. Finally, WealthCollab LLC grew its position in Nomad Foods by 242.0% during the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after purchasing an additional 1,452 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Price Performance

Nomad Foods stock opened at $10.47 on Monday. The firm has a market cap of $1.46 billion, a PE ratio of 10.16 and a beta of 0.70. Nomad Foods has a 52-week low of $8.99 and a 52-week high of $18.33. 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 moving average is $9.86 and its two-hundred day moving average is $11.09.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (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 analyst estimates of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, research analysts expect that Nomad Foods will post 1.75 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.5%. The ex-dividend date was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

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.