Nomad Foods Limited (NYSE:NOMD) Shares Will Pay Quarterly Dividend of $0.17

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.17 per share on Friday, November 27th. This represents a $0.68 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, November 10th.

Nomad Foods has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nomad Foods to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 41.0%.

Nomad Foods Stock Performance

Shares of NOMD opened at $11.76 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 10.69 and a beta of 0.74. The business’s fifty day simple moving average is $11.34 and its two-hundred day simple moving average is $11.02. Nomad Foods has a 12 month low of $8.99 and a 12 month high of $13.08. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.88.

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, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a return on equity of 8.63% and a net margin of 4.46%. The firm had revenue of $825.94 million during the quarter, compared to analysts’ expectations of $825.02 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Research analysts anticipate that Nomad Foods will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Nomad Foods

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in shares of Nomad Foods in the second quarter worth approximately $6,465,000. Russell Investments Group Ltd. increased its stake in shares of Nomad Foods by 91.0% in the third quarter. Russell Investments Group Ltd. now owns 1,177,950 shares of the company’s stock worth $12,168,000 after purchasing an additional 561,334 shares in the last quarter. Endure Capital Management LLC purchased a new stake in shares of Nomad Foods in the first quarter worth $4,236,000. Lazard Asset Management LLC bought a new stake in shares of Nomad Foods during the 1st quarter valued at $3,029,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Nomad Foods during the 2nd quarter valued at $3,175,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

About Nomad Foods

Nomad Foods is a frozen-food company focused on the European market. The company sells branded frozen meals and ingredients, including frozen fish, vegetables, poultry, potato products, pizza and plant-based foods. Its products are distributed through grocery retailers and other food channels across multiple European countries.

Nomad Foods’ portfolio includes well-known brands such as Birds Eye, Findus, iglo, Goodfella’s, Aunt Bessie’s and Green Cuisine. The brands offer products ranging from fish fingers, frozen vegetables and ready meals to frozen pizza, potato specialties and meat-free alternatives.

The company was formed in 2014 following the acquisition of the Iglo Group and expanded through subsequent acquisitions, including Findus operations in several European markets, Goodfella’s in 2018 and Aunt Bessie’s in 2020.