SG Americas Securities LLC Lowers Holdings in Nomad Foods Limited $NOMD

SG Americas Securities LLC trimmed its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 57.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,341 shares of the company’s stock after selling 133,076 shares during the period. SG Americas Securities LLC’s holdings in Nomad Foods were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its holdings in Nomad Foods by 0.4% in the second quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after acquiring an additional 27,177 shares during the period. Royce & Associates LP grew its stake in shares of Nomad Foods by 1.3% during the 4th quarter. Royce & Associates LP now owns 2,484,858 shares of the company’s stock worth $31,086,000 after purchasing an additional 33,052 shares during the period. Ruffer LLP purchased a new position in shares of Nomad Foods during the 4th quarter valued at approximately $26,823,000. Loomis Sayles & Co. L P increased its holdings in shares of Nomad Foods by 2.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,856,727 shares of the company’s stock valued at $23,228,000 after purchasing an additional 48,060 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Nomad Foods by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock valued at $22,534,000 after purchasing an additional 117,089 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NOMD shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $10.00 price target (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Barclays dropped their target price 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Nomad Foods Stock Up 0.5%

NOMD opened at $11.48 on Monday. The company has a market cap of $1.60 billion, a PE ratio of 11.14 and a beta of 0.69. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33. The company has a 50-day moving average price of $10.14 and a 200 day moving average price of $10.92. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

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

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, May 12th. Nomad Foods’s dividend payout ratio is currently 66.02%.

Insider Buying and Selling at Nomad Foods

In other news, CFO Ruben Baldew acquired 14,731 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were 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 owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. This trade represents a 4.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken bought 100,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $9.13 per share, for a total transaction of $913,000.00. Following the purchase, the director owned 116,916 shares in the company, valued at $1,067,443.08. The trade was a 591.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 264,731 shares of company stock worth $2,524,538.

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.