Nomad Foods Limited (NYSE:NOMD) Stock Has Consensus Price Target of $13.50 According to Analysts

Shares of Nomad Foods Limited (NYSE:NOMD) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.50.

NOMD has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 target price on shares of Nomad Foods in a research report on Wednesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a report on Tuesday, September 29th. Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. BTIG Research reissued a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a report on Thursday, October 8th. Finally, Barclays raised their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, July 20th.

Insiders Place Their Bets

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

Institutional Trading of Nomad Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in NOMD. Sound Income Strategies LLC lifted its holdings in shares of Nomad Foods by 0.5% in the 3rd quarter. Sound Income Strategies LLC now owns 688,961 shares of the company’s stock valued at $7,613,000 after purchasing an additional 3,264 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Nomad Foods by 4.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 39,318 shares of the company’s stock worth $406,000 after buying an additional 1,649 shares during the last quarter. Congress Asset Management Co. grew its stake in Nomad Foods by 21.7% during the 3rd quarter. Congress Asset Management Co. now owns 1,531,380 shares of the company’s stock worth $15,819,000 after buying an additional 272,805 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Nomad Foods during the second quarter worth approximately $411,000. Finally, Ancora Advisors LLC acquired a new position in Nomad Foods during the second quarter worth approximately $6,465,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NYSE:NOMD opened at $11.50 on Friday. The firm has a market capitalization of $1.61 billion, a PE ratio of 6.34 and a beta of 0.75. The business’s fifty day moving average price is $11.29 and its 200 day moving average price is $10.73. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. Nomad Foods has a 12 month low of $8.99 and a 12 month high of $13.08.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $825.94 million for the quarter, compared to analysts’ expectations of $825.02 million. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%. Nomad Foods’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, sell-side analysts anticipate that Nomad Foods will post 1.62 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were issued a $0.17 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.9%. Nomad Foods’s dividend payout ratio is presently 66.67%.

About Nomad Foods

Nomad Foods Ltd. is a European food company focused on frozen foods. Its portfolio includes frozen fish, vegetables, poultry, potato products, meals, and desserts sold through grocery retailers and other food channels.

The company markets products under several established brands, including Birds Eye in the United Kingdom and Ireland, iglo in Germany and other European markets, Findus in parts of continental Europe, Aunt Bessie’s in the United Kingdom, and Goodfella’s frozen pizza in selected markets.