Nomad Foods Limited (NYSE:NOMD) Given Average Rating of “Hold” by Brokerages

Shares of Nomad Foods Limited (NYSE:NOMD) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.25.

Several research analysts recently commented on the company. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Zacks Research cut Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Nomad Foods in a research report on Tuesday, July 21st. Finally, Barclays upped their target price on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th.

Nomad Foods Price Performance

Nomad Foods stock opened at $11.89 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. Nomad Foods has a 52-week low of $8.99 and a 52-week high of $15.58. The firm has a market cap of $1.66 billion, a PE ratio of 11.66 and a beta of 0.69. The company’s 50 day moving average is $11.60 and its two-hundred day moving average is $10.78.

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

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.7%. The ex-dividend date was Tuesday, August 11th. Nomad Foods’s payout ratio is 66.67%.

Insider Buying and Selling

In other news, CFO Ruben Baldew acquired 28,290 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $11.85 per share, with a total value of $335,236.50. Following the transaction, the chief financial officer owned 367,172 shares in the company, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dominic Brisby bought 50,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $12.38 per share, with a total value of $619,000.00. Following the purchase, the chief executive officer owned 726,794 shares of the company’s stock, valued at approximately $8,997,709.72. This represents a 7.39% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 17.27% of the company’s stock.

Institutional Trading of Nomad Foods

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in Nomad Foods by 9.2% during the first quarter. Royal Bank of Canada now owns 143,968 shares of the company’s stock worth $2,829,000 after purchasing an additional 12,131 shares during the last quarter. Millennium Management LLC increased its stake in Nomad Foods by 81.3% in the first quarter. Millennium Management LLC now owns 656,686 shares of the company’s stock valued at $12,904,000 after purchasing an additional 294,386 shares during the last quarter. Jane Street Group LLC raised its holdings in Nomad Foods by 50.2% during the first quarter. Jane Street Group LLC now owns 75,847 shares of the company’s stock worth $1,490,000 after purchasing an additional 25,358 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Nomad Foods during the 2nd quarter worth approximately $221,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Nomad Foods by 427.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 105,871 shares of the company’s stock worth $1,799,000 after buying an additional 85,793 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

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.