Lombard Odier Asset Management Europe Ltd Has $3.21 Million Stock Position in Nomad Foods Limited $NOMD

Lombard Odier Asset Management Europe Ltd reduced its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 62.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 334,349 shares of the company’s stock after selling 556,682 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Nomad Foods were worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in shares of Nomad Foods during the fourth quarter worth about $955,000. Sound Income Strategies LLC lifted its holdings in Nomad Foods by 64.2% in the fourth quarter. Sound Income Strategies LLC now owns 334,277 shares of the company’s stock valued at $3,894,000 after buying an additional 130,637 shares during the period. Ruffer LLP bought a new stake in shares of Nomad Foods during the 4th quarter valued at about $26,823,000. Hussman Strategic Advisors Inc. bought a new position in shares of Nomad Foods during the 4th quarter worth approximately $2,102,000. Finally, UBS Group AG grew its holdings in Nomad Foods by 136.3% in the fourth quarter. UBS Group AG now owns 384,332 shares of the company’s stock worth $4,808,000 after purchasing an additional 221,716 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NOMD. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays raised their price target on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Nomad Foods in a report on Tuesday, July 21st. Finally, BTIG Research reissued a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.25.

Insider Transactions at Nomad Foods

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

Nomad Foods Stock Performance

Shares of NYSE NOMD opened at $11.93 on Monday. The firm’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.83. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a market cap of $1.67 billion, a PE ratio of 11.59 and a beta of 0.69. Nomad Foods Limited has a 52-week low of $8.99 and a 52-week high of $17.30.

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 analysts’ expectations of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. 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 earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, analysts anticipate that Nomad Foods Limited will post 1.75 EPS for the current year.

Nomad Foods Dividend Announcement

The business 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 $0.17 dividend. The ex-dividend date of this dividend 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 66.02%.

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.