Nomad Foods Limited $NOMD Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 24.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,883 shares of the company’s stock after buying an additional 46,288 shares during the period. Money Concepts Capital Corp owned 0.16% of Nomad Foods worth $2,248,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. WealthCollab LLC grew its position in shares of 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 acquiring an additional 1,452 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Nomad Foods by 3,231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after purchasing an additional 2,262 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Nomad Foods by 469.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after purchasing an additional 1,996 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the third quarter valued at approximately $43,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Nomad Foods by 87.4% during the second 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 last quarter. 75.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NOMD. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. BTIG Research reissued a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a research note on Wednesday, May 13th. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Barclays dropped their price target on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Nomad Foods Stock Up 1.4%

NYSE NOMD traded up $0.15 during trading on Friday, reaching $11.54. The company’s stock had a trading volume of 849,700 shares, compared to its average volume of 1,282,828. 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 stock has a market capitalization of $1.61 billion, a PE ratio of 11.21 and a beta of 0.69. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $18.33. The business has a 50-day moving average price of $10.32 and a 200-day moving average price of $10.89.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The company had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. During the same quarter in the prior year, the business posted $0.21 EPS. Nomad Foods’s quarterly 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. On average, research analysts forecast 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. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Insider Buying and Selling at Nomad Foods

In related news, CFO Ruben Baldew purchased 14,731 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $9.71 per share, for a total transaction of $143,038.01. Following the purchase, the chief financial officer owned 338,882 shares in the company, valued at $3,290,544.22. The trade was a 4.54% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dominic Brisby acquired 150,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 676,794 shares in the company, valued at $6,625,813.26. The trade was a 28.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 264,731 shares of company stock worth $2,524,538 over the last three months. Corporate insiders own 17.27% of the company’s stock.

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.