Invenomic Capital Management LP Boosts Holdings in Nomad Foods Limited $NOMD

Invenomic Capital Management LP boosted its position in shares of Nomad Foods Limited (NYSE:NOMD) by 75.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,675,263 shares of the company’s stock after buying an additional 722,995 shares during the quarter. Nomad Foods accounts for approximately 1.0% of Invenomic Capital Management LP’s investment portfolio, making the stock its 29th largest position. Invenomic Capital Management LP’s holdings in Nomad Foods were worth $20,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in Nomad Foods by 1.9% during the second quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock worth $646,000 after buying an additional 726 shares during the period. California Public Employees Retirement System boosted its stake in Nomad Foods by 0.4% during the second quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock worth $4,564,000 after buying an additional 1,044 shares during the period. Osaic Holdings Inc. boosted its stake 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 buying an additional 1,240 shares during the period. WealthCollab LLC boosted its stake in 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 buying an additional 1,452 shares during the period. Finally, Nebula Research & Development LLC boosted its stake in Nomad Foods by 4.4% during the second quarter. Nebula Research & Development LLC now owns 35,152 shares of the company’s stock worth $597,000 after buying an additional 1,481 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods Stock Down 1.6%

NYSE:NOMD opened at $10.05 on Thursday. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 9.76 and a beta of 0.70. The stock has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $11.04. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91.

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

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Tuesday, May 12th. Nomad Foods’s payout ratio is presently 66.02%.

Analyst Ratings Changes

Several research firms have recently weighed in on NOMD. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Mizuho decreased their target price on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. BTIG Research reiterated a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a research report on Wednesday, May 13th. Finally, Weiss Ratings downgraded Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. 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 company’s stock. Based on data from MarketBeat.com, Nomad Foods has a consensus rating of “Hold” and a consensus price target of $12.50.

Insider Activity at Nomad Foods

In other news, CFO Ruben Baldew acquired 14,731 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the completion of the acquisition, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at $3,290,544.22. The trade was a 4.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $9.13 per share, with a total value of $913,000.00. Following the completion of the acquisition, the director directly owned 116,916 shares of the company’s stock, valued at $1,067,443.08. This represents a 591.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 264,731 shares of company stock worth $2,524,538 over the last three months. 17.27% of the stock is owned by corporate insiders.

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.