Nomad Foods (NYSE:NOMD) CFO Buys $335,236.50 in Stock

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew purchased 28,290 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $11.85 per share, for a total transaction of $335,236.50. Following the completion of the transaction, the chief financial officer directly owned 367,172 shares in the company, valued at $4,350,988.20. This represents a 8.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nomad Foods Trading Up 0.3%

Nomad Foods stock opened at $11.84 on Monday. The firm has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $10.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. The stock has a market capitalization of $1.66 billion, a PE ratio of 11.61 and a beta of 0.69. Nomad Foods Limited has a 12-month low of $8.99 and a 12-month high of $15.91.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $825.02 million. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, equities research analysts expect that Nomad Foods Limited will post 1.69 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

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

Institutional Investors Weigh In On Nomad Foods

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake 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 in the last quarter. SBI Securities Co. Ltd. raised its holdings in Nomad Foods by 469.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after buying an additional 1,996 shares during the period. Johnson Financial Group Inc. purchased a new stake in Nomad Foods during the third quarter valued at about $43,000. Osaic Holdings Inc. boosted its holdings in shares of Nomad Foods by 87.4% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after buying an additional 1,240 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Nomad Foods by 219.6% in the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $75,000 after buying an additional 5,341 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NOMD. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price objective on shares of Nomad Foods in a research report on Tuesday, July 21st. Zacks Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Finally, Barclays raised their target price 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nomad Foods has an average rating of “Hold” and a consensus price target of $13.25.

About Nomad Foods

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.