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

Shares of Nomad Foods Limited (NYSE:NOMD) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.25.

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

Nomad Foods Stock Performance

Shares of NOMD stock opened at $10.66 on Wednesday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 10.45 and a beta of 0.69. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $11.65 and its 200-day moving average price is $10.64. Nomad Foods has a 12 month low of $8.99 and a 12 month high of $13.79.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%.The company had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The firm’s 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. Equities research analysts forecast that Nomad Foods will post 1.63 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, August 11th. Nomad Foods’s payout ratio is currently 66.67%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Nomad Foods

Large investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of Nomad Foods in the 4th quarter worth about $955,000. PYA Waltman Capital LLC lifted its stake in shares of Nomad Foods by 58.8% in the 4th quarter. PYA Waltman Capital LLC now owns 433,979 shares of the company’s stock valued at $5,429,000 after purchasing an additional 160,728 shares during the period. Endure Capital Management LLC bought a new stake in shares of Nomad Foods during the 1st quarter valued at about $4,236,000. UBS Group AG boosted its position in shares of Nomad Foods by 136.3% during the 4th quarter. UBS Group AG now owns 384,332 shares of the company’s stock valued at $4,808,000 after purchasing an additional 221,716 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Nomad Foods during the 1st quarter valued at about $3,029,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Company Profile

Nomad Foods is a European food company focused on the frozen-food market. Its portfolio includes frozen fish, vegetables, meals, poultry products, potato products and ice cream, which it sells through retail and foodservice channels.

The company’s principal brands include Birds Eye in the United Kingdom and other markets, Findus in several European countries, and iglo in Germany, Austria and other parts of continental Europe. Its portfolio also includes Aunt Bessie’s and Goodfella’s, among other regional brands.

Nomad Foods was formed in 2014 and acquired the Iglo Group, including the Birds Eye, Findus and iglo businesses, in 2015.