Flax Pond Capital LLC Acquires New Position in Nomad Foods Limited $NOMD

Flax Pond Capital LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the 1st quarter, Holdings Channel reports. The firm bought 80,300 shares of the company’s stock, valued at approximately $772,000.

A number of other hedge funds also recently added to or reduced their stakes in NOMD. Tidal Investments LLC boosted its stake in shares of 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 increased its stake in Nomad Foods by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock valued at $4,564,000 after purchasing an additional 1,044 shares in the last quarter. Entropy Technologies LP raised its holdings in Nomad Foods by 1.7% during the first 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. raised its holdings in Nomad Foods by 87.4% during the second 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 raised its holdings 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 last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

NOMD stock opened at $12.43 on Friday. The stock’s 50 day moving average price is $10.90 and its 200 day moving average price is $10.83. The firm has a market cap of $1.74 billion, a P/E ratio of 12.07 and a beta of 0.69. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $17.30.

Nomad Foods (NYSE:NOMD) last released 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 return on equity of 9.05% and a net margin of 4.43%.The company had revenue of $827.87 million during the quarter, compared to analysts’ expectations of $804.00 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Tuesday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, August 11th. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

Analyst Ratings Changes

Several analysts have weighed in on NOMD shares. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Wednesday, May 13th. Finally, Barclays increased their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Insider Activity at Nomad Foods

In other news, CEO Dominic Brisby purchased 150,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $9.79 per share, with a total value of $1,468,500.00. Following the purchase, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. This trade represents a 28.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ruben Baldew purchased 14,731 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $9.71 per share, with a total value of $143,038.01. Following the completion of the acquisition, the chief financial officer owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. This represents a 4.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 264,731 shares of company stock valued at $2,524,538. 17.27% of the stock is owned by insiders.

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.