Brokerages Set Nomad Foods Limited (NYSE:NOMD) Target Price at $13.25

Nomad Foods Limited (NYSE:NOMD) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $13.25.

Several equities research analysts have commented on the company. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Barclays lifted their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Nomad Foods in a research report on Tuesday, July 21st.

Nomad Foods Stock Performance

NOMD opened at $11.93 on Tuesday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.59 and a beta of 0.69. The business’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $10.84. Nomad Foods has a 1 year low of $8.99 and a 1 year high of $17.30. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $827.87 million during the quarter, compared to analysts’ expectations of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.Nomad Foods’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Equities analysts expect that Nomad Foods will post 1.75 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, August 11th. Nomad Foods’s dividend payout ratio is currently 66.02%.

Insider Transactions at Nomad Foods

In related news, CFO Ruben Baldew acquired 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 acquisition, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. The trade was a 4.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dominic Brisby bought 150,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $9.79 per share, for a total transaction of $1,468,500.00. Following the transaction, the chief executive officer owned 676,794 shares of the company’s stock, valued at $6,625,813.26. The trade was a 28.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 264,731 shares of company stock worth $2,524,538 in the last three months. Insiders own 17.27% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. WealthCollab LLC raised its stake in shares of Nomad Foods by 242.0% during the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after purchasing an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Nomad Foods by 3,231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock valued at $29,000 after buying an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Nomad Foods by 469.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after buying an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Nomad Foods during the third quarter worth $43,000. Finally, Osaic Holdings Inc. raised its position 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 acquiring an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

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.