Nomad Foods Limited $NOMD Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its stake in Nomad Foods Limited (NYSE:NOMD) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,642,529 shares of the company’s stock after selling 171,577 shares during the quarter. River Road Asset Management LLC’s holdings in Nomad Foods were worth $45,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthCollab LLC raised its stake in Nomad Foods by 242.0% during the fourth 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 period. SBI Securities Co. Ltd. grew its stake in shares of Nomad Foods by 469.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after buying an additional 1,996 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Nomad Foods during the 3rd quarter valued at $43,000. Osaic Holdings Inc. grew its stake in shares of Nomad Foods by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after buying an additional 1,240 shares during the period. Finally, Leonteq Securities AG acquired a new stake in shares of Nomad Foods during the 4th quarter worth $88,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE:NOMD opened at $10.02 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.73 and a beta of 0.70. The firm’s fifty day simple moving average is $9.89 and its 200 day simple moving average is $11.03. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm had revenue of $827.87 million during the quarter, compared to analysts’ expectations of $804.00 million. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, equities research analysts expect that Nomad Foods Limited will post 1.75 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 6.8%. Nomad Foods’s dividend payout ratio is presently 66.02%.

Insider Transactions at Nomad Foods

In related news, Director Ian G. H. Ashken bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $9.13 per share, for a total transaction of $913,000.00. Following the acquisition, the director owned 116,916 shares in the company, valued at $1,067,443.08. This represents a 591.16% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dominic Brisby purchased 150,000 shares of Nomad Foods stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $9.79 per share, for a total transaction of $1,468,500.00. Following the completion of the transaction, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 264,731 shares of company stock valued at $2,524,538 over the last quarter. Company insiders own 17.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NOMD shares. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $10.00 price target (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Weiss Ratings lowered Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Mizuho dropped their price target on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. 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. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nomad Foods presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Nomad Foods 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.